The company behind Candy Crush Saga is going public. Social games developer King has reportedly filed for its IPO on the Nasdaq exchange, according to a report from The Telegraph . Just as Twitter did two weeks ago, King started the process confidentially, a luxury afforded to small companies by the JOBS Act. The filing is said to value King — which sees 100 million daily active users — at $5 billion. With its initial public offering, King of course hopes to avoid the fate of Zynga, another mobile / social developer that has been hemorrhaging users and revenues over the last several years. King has already attempted to streamline its business scope: the company last month announced plans to shut down five titles so that it could put...
via The Verge - All Posts http://www.theverge.com/2013/9/27/4777118/candy-crush-saga-developer-king-reportedly-files-ipo
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