King has been in the news a lot lately and not for the best of reasons but today is a bit different as the company prepares to file for their IPO which is looking to be valued at possibly over $500 million, at least according to the Wall Street Journal. The official press release however doesn’t mention any actual value the company is looking for.
As of late IPO filings have been interesting to watch as most hit their target valuation, often exceeding them, but then to suddenly fall down in value after a short burst of popularity. For King, the company plans to list its ordinary shares on the New York Stock Exchange under the ticker symbol “KING.”
Lately the company has been the talk in news regarding controversial copyright filing for the word Candy as well as going after other games for using the word Saga. There has also been action against the company in regards to taking other people’s games and cloning them before publishing them.
It will be interesting to see if any of this impacts the company’s IPO filing. You can check out the full press release here.
Website Referenced: Wall Street Journal