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Candy Crush empire worth up to $9.6bn: creator hopes

Published on Mar 12, 2014 7:49 PM
 
King Digital Entertainment, the British developer behind the wildly-addictive mobile game Candy Crush, said on Wednesday that it could be valued at up to US$7.6 billion (S$9.6 billion) in its eagerly-awaited upcoming flotation. -- FILE PHOTO: AFP

LONDON (AFP) - King Digital Entertainment, the British developer behind the wildly-addictive mobile game Candy Crush, said on Wednesday that it could be valued at up to US$7.6 billion (S$9.6 billion) in its eagerly-awaited upcoming flotation.

The planned listing on the New York Stock Exchange, unveiled last month, is the latest in a series by Internet and gaming firms over the past three years - the most high-profile being Facebook and Twitter.

King said on Wednesday that it was planning an initial public offering of 22.2 million shares each priced at between US$21 and US$24 a share.

That could give the company a market capitalisation of between US$6.6 billion and US$7.6 billion.

 
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