King.com, makers of Candy Crush, files for $500mm IPO
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Re: King.com, makers of Candy Crush, files for $500mm IPO
#2Some highlights:
- $570mm net income generated on $1.9bln revenue in FY2013
- 128mm daily active users
- Candy Crush Saga accounts for 80% of gross bookings
Given those numbers a $10bln IPO valuation wouldn't be absurd.
Re: King.com, makers of Candy Crush, files for $500mm IPO
#3If you read between the lines, it's the classic case of investors knowing it's the best time to cash out for their ROI.