Candy Crush Saga maker King Digital plans IPO

Thursday, 20 February 2014 00:00 - - {{hitsCtrl.values.hits}}

NEW YORK: The Irish maker of the blockbuster mobile game “Candy Crush Saga” will attempt to raise as much as $500 million in an initial public offering. King Digital Entertainment PLC, which also makes the game “Pet Rescue Saga,” did not disclose how many shares are expected in the IPO or the projected price range.

In a regulatory filing Tuesday, King said the IPO will include shares offered by the company as well as those offered by existing stockholders. The Dublin-based company plans to use proceeds from the sale for working capital and other general corporate purposes, which may include acquisitions. It won’t receive any proceeds from shares offered by the selling stockholders. The company plans to list the stock on the New York Stock Exchange under the “KING” ticker symbol.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.