Like we all know sometimes back in February
this year, it was reported that the creator of the game Candy Rush *which have
been stuck in level 30 for some weeks*, King Digital Entertainment Plc would
file the company for an IPO.
Yesterday, the 12th of March,
according to Reuters, it was reported that King Digital Entertainment expects
to be worth up to 7.6 billion dollars whenit goes public later this month.
The recent surge in Facebook share price as
well as the successful IPO of twitter back in November of last year have
fuelled speculation that a number of technology firms are considering filling
for IPO in the near future.
Now King Digital Entertainmentis hoping to
take advantage of the strong demand for technology investments. However a
company with only a couple of popular game titles to its name might end up
being yet another Zynga.
King Digital Entertainment is scheduled to
be priced on March 25th 2014 and stock will start trading on March
26th , tow underwriters have divulged to Reuters who explains’:
“The
Dublin based company will sell 15.5 million shares in the offering, while
stockholders, including Apex ventures, will sell 6.7 million shares, the
company said in a filing with the U.S. Securities and Exchange Commissionon
Wednesday.
In
February, an average of 144 milliondaily active users played the company’s game
more than 1.4 billion times per day, the filing showed. The king IPO will raise
as much as 532.8 million at the top end of the planned range. It filed for a 500
million dollars placeholder in February.”
Just my opinion, Woooooow, I want to create
a game *laughing*, I cannot program, guess my company would be valued at about
……...
Though 7.6 Billion Dollars is quite a worth
though.
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