Tuesday, February 18, 2014

Candy Crush Saga maker King plans U.S. stock market debut

Candy Crush Saga developer denies that it’s trademark trolling By Mia Shanley and Sven Nordenstam STOCKHOLM (Reuters) - King, the company behind the hit mobile phone game "Candy Crush Saga," is planning a U.S. stock market debut that some analysts think could value it at more than $5 billion and herald a flurry of technology company listings this year. The successful flotation of Twitter in November and a surge in Facebook's share price have fueled speculation that a string of technology firms could come to market, including music-sharing service Spotify, lodging service AirBnB and payments company Square, as well as King. But some analysts question whether King can maintain its breakneck pace of growth, particularly given the difficulty of some other games makers in maintaining success. Zynga, the creator of "Farmville," has seen its share price halve since its initial public offering in late 2011, while Finland's Rovio has struggled to replicate the success of its 2010 hit "Angry Birds." Asian markets did see some successful IPOs last year, like Japanese mobile game maker GungHo Online Entertainment, but there has not been a recent stellar debut story on the mobile game front in Western markets that has excited investors.








via Gaming News Headlines - Yahoo! News http://ift.tt/1jAQ5JP

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