King, creator of highly addictive games like Candy Crush Saga, just priced its IPO at between $21 and $24 a share — up to a $7.6 billion valuation.
King claims this will leave it with approximately $326 million in capital, after transaction costs, for corporate purposes and acquisitions, reports French news agency AFP.
While this valuation is new, the IPO filing is not; London-based King announced its plans to go public nearly a month ago, and at the time the firm planned to raise up to $500 million.
As we’ve previously reported, King’s revenues have grown tremendously thanks to Candy Crush Saga. Largely due to the game’s popularity, King earned $568 million in profit on revenues of $1.88 billion in 2013.
Candy Crush Saga creator King may be worth $7.6B after IPO
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