Home

Browse

GameSkinny


Search

Login

Candy Crush Developer Going Public in US

Looking for a good investment? Candy Crush developer King Digital Entertainment will list 22.2 million shares on US stock markets.

There's a lot of money being made off video game development in the interactive gaming industry. A smart video game developer could raise money for new video game development using this fact as leverage. They could also use the money expand operations and acquire new assets to improve the bottom line of the company.

Candy Crush developer, King Digital Entertainment, recently announced they would sell 22.2 million shares on the US stock market, worth about $553 million. This move will value the company at around $7.6 billion and make the company more valuable to potential investors and buyers. They'll also be able to spend money on developing new video games and improving current titles.

https://lh3.ggpht.com/DLDifF6R6ETGoHBPAfEDcwbRnZiTvty074hd0WQuRJug7RbfR7ihrkZXgt5zACKejbL6=h900

King Digital Entertainment indicates it will use the money to expand the company and acquire new assets. A surprising move considering the company is profitable, having made over $500 million during 2013. The company's largest shareholder is currently Apax Partners, a UK private equity group. Considering 12.2 million daily users play the firm's best game, Candy Crush, we might see a few new investors, or even buyers, appear out of the woodwork.

Published Mar. 13th 2014

New Cache - article_comments_article_13015
Related
More Candy Crush Saga Content

GameSkinny Newsletter

Get Candy Crush Saga news the moment it happens!

You have been successfully subscribed to this newsletter.