Featured Articles

Intel releases tiny 3G cell modem

Intel releases tiny 3G cell modem

Intel has released a 3G cellular modem with an integrated power amplifier that fits into a 300 mm2 footprint, claiming it…

More...
Braswell 14nm Atom slips to Q2 15

Braswell 14nm Atom slips to Q2 15

It's not all rosy in the house of Intel. It seems that upcoming Atom out-of-order cores might be giving this semiconductor…

More...
TSMC 16nm wafers coming in Q1 2015

TSMC 16nm wafers coming in Q1 2015

TSMC will start producing 16nm wafers in the first quarter of 2015. Sometime in the second quarter production should ramp up…

More...
Skylake-S LGA is 35W to 95W TDP part

Skylake-S LGA is 35W to 95W TDP part

Skylake-S is the ‘tock’ of the Haswell architecture and despite being delayed from the original plan, this desktop part is scheduled…

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