Social gaming giant Zynga is planning to proceed with its initial public offering after Thanksgiving, Bloomberg is reporting.
The company was expected to raise up to $1 billion by going public as early as September. But the stock market's recent roller-coaster ride reportedly prompted the game maker to back off on its IPO plans.
Zynga, which could see more than $1 billion in sales this year, has been one of the most anticipated public offerings this year, according to the post. The company's SEC filing pegged its valuation at $11 billion in March.
In addition to stock market … Read more