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03-26-2014, 05:40 PM
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Candy Crush Developer's IPO Turns Sour on Market Debut
Candy Crush Developer's IPO Turns Sour on Market Debut
   King Digital Entertainment is trading sharply lower in its first hours as a public company. Shares in the maker of Candy Crush Saga moved as much as 15% below its $22.50 opening price on Wednesday morning, indicating that investors have become wary of mobile gaming companies that rely on revenue from hit games. See also: 'Candy Crush' Is Bigger Than Twitter, But Probably **t For Long The highly anticipated launch of King shares on the open Market included a large flag draped across the New York Stock Exchange. Candy Crush accounted for 78% of the company's fourth-quarter revenue in 2013, garnering comparisons to other gaming companies like Zynga. King raised just shy of $500 million in its IPO, which valued the company at about $7 billion. Read more... More about Mobile Gaming, Entertainment, Gaming, Apps Software, and Candy Crush Saga ??????? ??????: Candy Crush Developer's IPO Turns Sour on Market Debut || ??????: rss || ??????: اسم منتداك
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