Candy Crush Saga firm King files for IPO

Candy Crush Saga firm King files for IPO
Craig Chapple

By Craig Chapple

February 18th 2014 at 2:27PM

Developer could be aiming to raise as much as $500m from flotation on New York Stock Exchange

Candy Crush Saga developer King has filed for an IPO on the New York Stock Exchange.

The number of shares or price range has yet to be determined, but the filing suggests the Candy Crush firm could be looking to make as much as $500 million from the IPO.

Stats from the filing state that Candy Crush Saga currently has 93 million daily active users, with one billion daily game plays. Its second most popular title Pet Rescue meanwhile has attracted 15 million DAUS, and 129m daily game plays.

In total, the firm's portfolio has amassed 1.2 billion daily game plays and 128m DAUs.

According to the filing, King generated profits of $568m in 2013 on revenues of $1.88bn.

The news comes after King has repeatedly found itself at the centre of controversy in recent weeks relating to game cloning and IP trolling accusations after the firm trademarked the terms 'Candy' and 'Saga in relation to mobile games.

The copyright has resulted in claims against titles such as The Banner Saga. While the game itself bears no resemblance to King's games, King CEO Riccardo Zacconi said it was forced to make a claim against the company in order to protect its IP from "the real copycats".