- King Digital's (KING) IPO price is at the middle of a $21-$24 range. That suggests buyers have taken a cautious approach to the offering on account of growth concerns.
- The IPO price spells a valuation of $7.1B, or just 3.6x 2013 bookings. King raised $349M by selling 15.5M shares, and is selling 6.7M on behalf of existing holders.
- Shares begin trading tomorrow. Zynga (ZNGA) is lower on news of King's pricing, after moving higher in regular trading.
- Previous: King's F-1 shows big numbers, Q4 slowdown
From other sites
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at CNBC.com (Feb 12, 2015)
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