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Category: SocialMedia

Poor Markets May Delay Zynga IPO Until November

Written on August 30, 2011 by Avlya Jaie

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Zynga, the popular social games creator, might postpone its plans for an Initial Public Offering (IPO) due to poor market conditions.

Due to some poor market condition issues, people might not see ’s plans for an until November of this year.

According to the sources of , the social gaming company is facing hindrances because of several “rocky stock markets” affairs, making them unable to release its IPO next month as originally scheduled.

If you could remember, Zynga – the company behind such popular , including , and – confirmed last June that they wanted to go public. They even aimed to raise $1.5 billion to $2 billion in its IPO. But after encountering a debt ceiling debate in summer, Zynga became incapable of fulfilling their plans.

Zynga is just one of the many social media IPOs that is slated to be launched in the upcoming months. , another renowned social media IPO, has also faced series of delays due to accounting concerns. Up to now, the social games’ maker remains silent with regards to this matter.

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