'Candy Crush' maker's stock falls in public debut

'Candy Crush' maker's stock falls in public debut

Credit: Getty Images

NEW YORK, NY - MARCH 26: Riccardo Zacconi (second from left), CEO of King Digital Entertainment celebrates after ringing the opening bell at the New York Stock Exchange (NYSE), in honor of King holding its initial public offering at the NYSE on March 26, 2014 in New York City. King is the maker of the popular mobile game Candy Crush. (Photo by Andrew Burton/Getty Images)

Print
Email
|

by ASSOCIATED PRESS

ASSOCIATED PRESS

Posted on March 26, 2014 at 10:38 AM

Updated Wednesday, Mar 26 at 10:56 AM

NEW YORK (AP) — 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 percent 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."

 

Print
Email
|