Originally published at www.seclive.com
King.com Ltd, the mobile gaming company known for the Candy Crush puzzle game, has confidentially filed for an IPO. The company, worth an estimated $5B, is another tech company making its move to the stock exchanges, hoping to follow in similar footsteps to Twitter, which also confidentially filed for an IPO not long ago. The Candy Crush Saga puzzle game has helped King generate a few million dollars a day with its nearly 250 million monthly players. As the S-1 registration statement was filed confidentially, no other information regarding the number and pricing of shares is available. Unnamed sources did disclose that joint bookrunners to the offering include Bank of America Merrill Lynch, Credit Suisse, and JPMorgan Chase.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.