Skip to content

‘Candy Crush’ Developer King Raises $500 Million at IPO



King, maker of the breakout mobile game Candy Crush, raised just less than $500 million in its IPO, the company announced in a filing released after the market closed on Tuesday.

The $22.50 per share price came within the initial range of $21 to $24 per share set by the company, and values the company at around $7 billion.

The company boasts one of the most successful mobile games of all time in Candy Crush, which averaged 93 million users in December.

The company is issued 22.2 million shares, which will begin trading on the New York Stock Exchange on Wednesday under the ticker symbol KING. Read more…

More about King, Candy Crush Saga, and Candy Crush

Read more : ‘Candy Crush’ Developer King Raises $500 Million at IPO

Posted in Web.

Tagged with , , , , , , , , , , , .

0 Responses

Stay in touch with the conversation, subscribe to the RSS feed for comments on this post.

Some HTML is OK

or, reply to this post via trackback.