- 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
at Nasdaq.com (Feb 27, 2015)
at Zacks.com (Feb 24, 2015)
at Investor's Business Daily (Feb 13, 2015)
at CNBC.com (Feb 12, 2015)
at Benzinga.com (Jan 12, 2015)
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