Monday 21 April 2014

IPO of Candy Crush Saga maker King valued at €5bn

King, the Swedish firm behind hit mobile phone game Candy Crush Saga, is planning a US stock market debut which some analysts think could value it at more than $5bn (€3.63bn) and herald a flurry of technology company listings.

The successful flotation of Twitter and a surge in Facebook shares have fuelled speculation that a string of technology firms could come to market, including Spotify, AirBnB and Square, as well as King.

However, some analysts are cautious about whether Dublin-based King can maintain its breakneck pace of growth, particularly given the difficulty some other games makers have experienced.

Zynga, the maker of Farmville, has seen its share price halve since its 2011 IPO, while Rovio has struggled to replicate the success of its 2010 hit Angry Birds.

Irish Independent

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