Zynga, the San Francisco-based game developer behind FarmVille and CityVille, will delay its initial public offering.
The company, which hoped to launch an IPOin early September, cited the rocky stock market, two sources told The New York Post. Zynga will now pursue an IPO in November.
The company set plans in motion in June when it filed papers with the Securities and Exchange Commission and prepared to raise as much as $1 billion.
Zynga is one of the most anticipated IPO offerings and will likely make $1 billion in profits this year. Like Groupon, it has come under fire for its accounting practices.
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