Evidence mounts that King, maker of Candy Crush Saga, has filed for IPO

Candy Crush Saga maker King has evidently filed for an initial public offering, but has done so by taking advantage of a new provision in U.S. law that allows it to do so without telling the public.

The New York Times said it had confirmed with anonymous sources that London-based King has filed for an IPO. The offering will be handled by Bank of America Merrill Lynch, Credit Suisse and JPMorgan Chase, the Times said. The Daily Telegraph of London first reported the news, saying that King’s valuation will be about $5 billion, or about half the value of Zynga when that social game publisher went public in December 2011.

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Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.