The IPO this afternoon on the NYSE (code King) of the publisher of Candy Crush will allow it to raise $ 500 million for a valuation of $ 7 billion! The company received funding of $ 43 million in 2005 from Apax Ventures and Index Ventures.
Founded in 2003 in Sweden by Riccardo Zacconi, Thomas Hartwig, Sebastian Knutsson and Lars Markgren, the casual game publisher has more than 300 million users each month on one of its 180 games, some of which are available in 14 languages, and records over a billion parts every month.
Before experiencing success, the company was saved at the last minute from bankruptcy at the end of 2003, barely a few months after its creation.
Based in London, King has deployed its studios in Stockholm, Barcelona, Bucharest, Malmö, and also has offices in San Francisco and Malta.
This IPO should stimulate its competitor Kabam to accelerate its development.