initial public offerings (IPOs) trading on American exchanges

Tuesday, March 25, 2014

Candy Crush maker King Digital Entertainment prices IPO at $22.50 a share

King Digital Entertainment, maker of the massively popular Candy Crush mobile app, priced its IPO late Tuesday in the latest example of young tech companies getting back into the IPO game.

The initial public offering — one of the biggest tests yet of investors' appetite for potentially dicey tech deals — raised $500 million for the 10-year-old company. The company sold shares to initial investors at $22.50 a share. That was somewhat disappointing, because the company had set an initial range of $21 to $24 a share, and other recent tech IPOs have priced above their initial ranges.

King will begin trading Wednesday on the New York Stock Exchange under the symbol KING.

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