King sells off following IPO

|About: King Digital Entertainment Plc (KING)|By:, SA News Editor

With fears of Candy Crush Saga dependence and slowing growth weighing heavily on investors, King Digital (KING) opened at $20.50 and has quickly fallen to $19.94, down 11.4% from an IPO price of $22.50.

The social/mobile game developer has a market cap of $6.3B, or 3.2x 2013 bookings.

Zynga (ZNGA -2.7%) is moderately lower.

King's prospectus