Candy Crush Saga maker aims to raise $500M in IPO

Candy Crush Saga maker aims to raise $500M in IPO

CANDY CRUSH SAGA: The maker of the game is going public. Photo: Associated Press

(Reuters) – Mobile gamemaker King Digital Entertainment Plc, best known for the hit puzzle game Candy Crush Saga, said it planned to raise up to $500 million in an initial public offering.

The Dublin-based company had filed confidentially for an IPO with the U.S. Securities and Exchange Commission in September under the Jumpstart Our Business Startups (JOBS) Act.

King offers more than 180 games in 14 languages through mobile phones, Facebook and its own website. The company says its games are played more than 1 billion times a day.

Candy Crush Saga, which involves moving candies to make a line of three in the same color, was the top downloaded free app of 2013, and the year’s top revenue-grossing app.

The basic games are free, but players need to pay for add-ons or extra lives.

Candy Crush Saga has been downloaded more than 500 million times since its launch in 2012.

JP Morgan, Credit Suisse and BofA Merrill Lynch are among the lead underwriters.

King plans to list its common stock on the New York Stock Exchange under the symbol “KING”.

The amount of money a company says it plans to raise in its first IPO filings is used to calculate registration fees. The final size of the IPO could be different.

(Reporting by Tanya Agrawal and Avik Das in Bangalore; Editing by Ted Kerr and Sriraj Kalluvila)

What's On 'KLH?

Hire Me MKE


Looking for a job around the Milwaukee area? Check out some openings>>

Wanna Play DJ?


You can host your own show Sunday night at 6 on ‘KLH!

Recent Headlines

in Entertainment

HOLIDAY TV: What to watch this week


This week is packed with programs to get you in the holiday spirit.

in Entertainment

Bono, Clooney, Kardashian part of all-star campaign for AIDS

FILE - In this March 2, 2014 file photo, Bono arrives at the Oscars at the Dolby Theatre in Los Angeles. A New York City doctor says U2 singer Bono suffered multiple fractures and had to have two surgeries after his weekend bicycle accident. Orthopedic trauma surgeon Dr. Dean Lorich says Bono underwent a five-hour surgery on his elbow in which three plates and 18 screws were inserted on Sunday night. Bono had another surgery to repair a fracture to his left pinkie on Monday. Lorich says Bono will need therapy but a full recovery is expected.

Bono is a launching an all-star campaign featuring "once-in-a-lifetime experiences" like walking the red carpet with Meryl Streep or visiting the "Game of Thrones" set.

in Sports

Royals players get $370K bonus for World Series win


The World Series champion Kansas City Royals generously split up their Fall Classic players' pool haul of more than $25 million into 55 full shares worth $370,069 apiece, Major League baseball said on Monday.