Candy Crush Saga Creator King Targets $7.6 Billion IPO Valuation

Last month, Candy Crush Saga creator, King Digital Entertainment has filed for an IPO in the New York Stock Exchange as King Digital Entertainment, using the ticker symbol ‘KING’.

Candy Crush Saga Creator King  Targets $7.6 Billion IPO Valuation

 

Today, King Digital Entertainment has detailed its initial public offering plans in a filing with the Securities and Exchange Commission.

King expects to sell 22.2 million shares in its IPO, with a share price between $21 and $24 per share. It will then have 315 million shares available after going public, which would place earnings from shares at a $7.6 billion worth at the top end. In September, King’s IPO had been expected to be worth a $5 billion valuation. King expects to raise close to $326 million through the IPO. There was no specific date for the offering.

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Source: Games Industry Int’l