Belfast Telegraph

Candy Crush firm shares go on sale

The maker of the popular mobile game Candy Crush Saga has raised more than 360 million euro in an IPO that values the Irish company at about 5.1 billion euro.

Shares priced at 16.28 euro, the middle of King Digital Entertainment's expectations.

The company is selling 15.3 million of the 22.2 million shares.

The rest of the stock is being sold by existing shareholders.

King Digital Entertainment PLC had 1.36 billion in revenue last year. Its other top games include Pet Rescue Saga and Farm Heroes Saga.

The company says it will use the proceeds for working capital and other general corporate purposes.

The shares are expected begin trading on Wednesday on the NYSE under the ticker symbol "KING."


From Belfast Telegraph