King.com, makers of Candy Crush, files for $500mm IPO(sec.gov)
sec.gov
King.com, makers of Candy Crush, files for $500mm IPO
http://www.sec.gov/Archives/edgar/data/1580732/000119312514056089/d564433df1.htm
2 comments
If you read between the lines, it's the classic case of investors knowing it's the best time to cash out for their ROI.
- $570mm net income generated on $1.9bln revenue in FY2013
- 128mm daily active users
- Candy Crush Saga accounts for 80% of gross bookings
Given those numbers a $10bln IPO valuation wouldn't be absurd.