Social-gaming company Zyngas initial public offering could be shelved until November due to recent turbulence in the financial markets, according to the New York Post.

The San Francisco-based maker of FarmVille had been rushing to go public as early next month, but that was before serious turmoil hit Wall Street, highlighted by a 600-point plunge on the Dow Jones Industrial Average.

Morgan Stanley (MS), which is leading Zyngas IPO efforts, declined to comment to the Post.

"It makes sense for a bank to protect its clients from a market that could potentially be a bottomless pit, a source told the paper.

The report highlights concern that the red-hot market for next generation Internet IPOs may be cooled by the trouble on Wall Street.

Shares of Internet radio provider Pandora (P) and professional social network LinkedIn (LNKD) soared in their debuts earlier this year and the markets are eagerly awaiting the likely IPO of social-networking titan Facebook next year.

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