King Digital Entertainment, creator of the blockbuster social game Candy Crush Saga, is planning to go public. The company filed its initial public offering paperwork with the U.S. Securities and Exchange Commission this week. The company’s revenue soared by more than tenfold in 2013, rising to $1.88 billion from $164 million the previous year, the filing reveals. Net profit stood at $568 million, a sharp rise from the $7.8 million it generated the previous year. Much of the revenue stems from Candy Crush.
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Candy Crush Maker Wants Wall St. to Pour a Little Sugar on It
Posted by: Kris Holt February 18, 2014 12:40 PMKing Digital Entertainment, creator of the blockbuster social game Candy Crush Saga, is planning to go public. The company filed its initial public offering paperwork with the U.S. Securities and Exchange Commission this week. The company’s revenue soared by more than tenfold in 2013, rising to $1.88 billion from $164 million the previous year, the filing reveals. Net profit stood at $568 million, a sharp rise from the $7.8 million it generated the previous year. Much of the revenue stems from Candy Crush.