Candy Crush maker targeting $7.6 billion IPO valuation
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Candy Crush Saga maker King Digital Entertainment has announced its initial plan to go public via a Securities and Exchange Commission filing. The firm expects to sell 22.2 million shares with each going for $21 to $24 per share. The firm will have 315 million shares available after going public, which would put earnings from shares put make the firm worth $7.6 billion at the top end. In September, King's IPO was expected to be worth a $5 billion valuation. King expects to raise close to $326 million through IPO. Thanks, GI International.