Candy Crush Maker King Prices Shares At $22.50, Puts Valuation At $7B

In the most anticipated gaming IPO of the last few years, Candy Crush Saga maker King priced its shares at $22.50 in an offering that will raise $326 million for the company and value it at slightly more than $7 billion. Shares will trade for the first time tomorrow. That valuation will put King at nearly four times its trailing annual revenue of $1.88 billion. The vast majority of that revenue… Read More