Market turmoil is delaying Zynga IPO

Social games giant Zynga is likely to delay its leap onto the stock market due to Wall Street disorder, a new report suggests.

The company will wait until at least November to list its shares, alleged anonymous insiders told the New York Post.

The paper, citing two sources with knowledge of Zynga’s plans”, said Zynga initially wanted to complete its IPO as soon as possible but is "no longer in a rush because of the rocky stock markets."

Zynga filed for an IPO worth up to $1 billion in July.

Sister site Develop has the full story.