Featured Articles

5th Generation Broadwell 14nm family comes in three lines

5th Generation Broadwell 14nm family comes in three lines

Intel's 5th Core processor family, codenamed Broadwell, will launch in three lines for the mobile segment. We are talking about upcoming…

More...
Broadwell Chromebooks coming in late Q1 2015

Broadwell Chromebooks coming in late Q1 2015

Google's Chromebook OS should be updating automatically every six weeks, but Intel doesn't come close with its hardware refresh schedule.

More...
New round of Nexus phone rumour kicks off

New round of Nexus phone rumour kicks off

Rumours involving upcoming Nexus devices are nothing uncommon, but this year there is a fair bit of confusion, especially on the…

More...
Nvidia officially launches the 8-inch Shield Tablet

Nvidia officially launches the 8-inch Shield Tablet

As expected and reported earlier, Nvidia has now officially announced its newest Shield device, the new 8-inch Shield Tablet. While the…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Thursday, 13 March 2014 11:53

Candy Crush King goes for IPO

Written by Nick Farrell



Before everyone gets a new fad

King, the outfit behind Candy Crush Saga, is going to have an initial public offering while the company is doing well. King, the games developer behind Candy Crush Saga, is looking to raise as much as $533m via a share sale on the New York Stock Exchange.

The firm said it is planning to sell 22.2 million shares, priced between $21 and $24 per share. But that could value the company at almost $7.6bn at the top of its pricing range which strikes many as a little steep. King's portfolio includes more than 180 games, but Candy Crush is its most popular offering and was the most downloaded free mobile app of 2013.

The popularity of Candy Crush has been the biggest driver of growth for King during the past two years and before it came up with the game it only made $64m in revenue. Needless to say there are some worries that the firm relies too heavily on Candy Crush and that if its popularity faded, the company's revenue and profits may be hit.

blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments