Seeking Alpha

Candy Crush developer due to price IPO

  • King Digital Entertainment (KING), the developer of the "Candy Crush Saga" hit mobile computer game, is due to price an IPO today.
  • King is offering 22.2M shares at $21-$24 each, which would give it a valuation up to $7.6B.
  • However, some investors are wary. "The red flag for this IPO is that King's revenues and fortunes are built on one game," says wealth manager Michael Yoshikami."
  • Zynga's post-IPO woes are another warning sign.
  • Still, SA author Dan Scott provides the bull case for King, writing that you "could reasonably make the case that its shares are worth $45."
  • Either way, King's peers and potential IPO candidates, Kabam and Kixeye, are likely to be watching with interest.
  • ETF: IPO
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Comments (2)
  • Raven1663
    , contributor
    Comments (2) | Send Message
     
    Hi.. thoughts on this IPO??? I did buy Zinga.. do not want to make that mistake agian.. seems a game should not an IPO MAKE... but not sure.. thanks for your thoughts or Insites , have read everything i could find on this..
    25 Mar 2014, 11:43 PM Reply Like
  • knkranns
    , contributor
    Comments (14) | Send Message
     
    risky. a bit too high . only candy crush ? company expect too much. i stay away and watch. even i
    am wrong about this one
    26 Mar 2014, 01:57 AM Reply Like
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