PE-Backed Candy Crush Maker Eyes $7.6B Market Value In IPO

Law360, New York (March 12, 2014, 2:29 PM EDT) -- King Digital Entertainment PLC is fine-tuning an initial public offering that would value the private equity-backed game developer, which is behind the popular “Candy Crush Saga,” at up to $7.58 billion, according to a Wednesday regulatory filing.

The company plans to offer roughly 15.5 million shares while current investors will offer 6.7 million, with each share expected to price between $21 and $24 on the New York Stock Exchange under the symbol “KING,” according to the U.S. Securities and Exchange Commission filing. King will hold onto...
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