‘Candy Crush’ maker King Digital’s stock opens below IPO price in public debut
NEW YORK, N.Y. – Shares of King Digital, the company behind the popular mobile game “Candy Crush Saga,” are down in the company’s public trading debut.
King’s stock priced at $22.50 on Tuesday and opened on Wednesday at $20.50, almost 9 per cent lower.
King Digital Entertainment PLC, based in Ireland, had $1.88 billion in revenue last year.
Its other top games include “Pet Rescue Saga” and “Farm Heroes Saga.” Some analysts have questioned whether King would be able to repeat the success of “Candy Crush,” which has been far more successful than any of its other games.
King is trading on the New York Stock Exchange under the ticker symbol “KING.”
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