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.
Unlock premium content and VIP community perks with GB M A X! Join now to enjoy our free and premium perks.
Join now →
Sign in to your account.