Zynga had been preparing an IPO to raise about $1 billion as early as June. However, the recent volatility in the stock market means that Zynga’s public stock offering may be delayed until November.

“It wouldn’t be illogical for the bank to delay a sale, given the markets,” said a source. “It makes sense for a bank to protect its clients from a market that could potentially be a bottomless pit.”

Meanwhile, the SEC has concerns that only 5 percent of Zynga users actually pay anything for their games. The SEC wants more precise detail on how many paying customers it has for each of its titles, but that is something that Zynga wishes to conceal.

Source: New York Post