Alpha Diallo
0
All posts from Alpha Diallo
Alpha Diallo in Alpha Diallo,

Keep Your Eyes Open for the Candy Crush IPO!

 (Image source: usgamer.net)

King Digital Entertainment, the maker of the Smartphone puzzle game Candy Crush Saga has filed for an initial public offering. Candy Crush Saga is one of the most popular games on mobile and social media. The company is seeking to raise $500 million from the offering. According to the filing statements, King has 128 million daily active users. Candy Crush Saga alone averages about 93 million daily users. In 2013, King reported profits of $567.7 million compared to profits of $7.8 million in 2012. Moreover, revenues rose to $1.88 billion from $164.4 million in 2013.