Investors didn’t share the same excitement for King Digital Entertainment stock as Candy Crush fans do for the mobile game, sending King shares down nearly 16 percent in Wednesday’s disappointing first day of trading. It slipped a further couple of percentage points on Thursday. King’s stock debuted at $22.50, but dropped 15.6 percent to close at $19 — this year’s worst first day drop for an IPO, according to a report from Renaissance Capital. By market close on Thursday, it had slipped to $18.49.
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Candy Crush Fails to Melt Wall St.'s Heart
Posted by: Rachelle Dragani March 27, 2014 01:47 PMInvestors didn’t share the same excitement for King Digital Entertainment stock as Candy Crush fans do for the mobile game, sending King shares down nearly 16 percent in Wednesday’s disappointing first day of trading. It slipped a further couple of percentage points on Thursday. King’s stock debuted at $22.50, but dropped 15.6 percent to close at $19 — this year’s worst first day drop for an IPO, according to a report from Renaissance Capital. By market close on Thursday, it had slipped to $18.49.