If you click on a link and make a purchase we may receive a small commission. Read our editorial policy.

Candy Crush Saga developer delays IPO due to breakout success

King has elected to delay its initial public offering over concerns that the success of its flagship product, Candy Crush Saga, will have negative effetcs on its share worth.

The Telegraph reports King had been expected to float at $5 billion before the end of the year, but has pushed the IPO back to 2014.

Candy Crush Saga, which has been installed over half a billion times, is the culprit; King says Candy Crush has been "too successful”, and it wants to prove it can produce other successful games.

King's reticence is understandable in the context of the social gaming bubble, which saw Zynga's IPO hit highs not seen in tech since Google went public, before a rapid, protracted crash it has struggled to recover from.

Thanks, Joystiq.

Support VG247

You give us money, we give you an ad-free reading experience, merch discounts, a newsletter every month, and elite status amongst your friends.

See more information

Comments

More News

Latest Articles

VG247 logo

Buy our t-shirts, yeah

They're far more stylish than your average video game website tat.

VG247 Merch