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Maker of Candy Crush Saga to raise $500M on the stock market tomorrow, will be worth $7.6B

  • Posted byby Dean Takahashi
  • Updated
  • 5 min

King Digital Entertainment has priced its initial public offering at $22.50 a share, and that means it can begin trading on Wednesday morning as the stock market opens — giving us the first big gaming IPO since the rise and fall of social game publisher Zynga.

The much-awaited IPO of King could raise more than $499.5 million for the company and shareholders who are selling the stock at an estimated $7.6 billion valuation. Coming off of Facebook’s $2 billion acquisition of virtual-reality headset maker Oculus VR, the offering could put a lot of sizzle in the multibillion dollar game industry, which has had both ups and downs since Zynga went public in 2011.

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Written by

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.