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On 1 September 2016 Withy King LLP merged with Royds LLP. The trading name for the merged firm is Royds Withy King. All content produced prior to this date will remain in the name of the firms pre-merger.

21 June 2013 0 Comments
Posted in Opinion

King.com potential IPO

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It has been reported this week that London-based maker of Candy Crush Saga King.Com has enlisted bankers with the intention of going public.

King has declined to comment on the potential IPO although its CEO has discussed the possibility in the past. The industry has been quick to make comparisons between King’s possible IPO and the experience of Zynga. Zynga went public in December 2011 when shares debuted at $10 a share. Stock jumped above $14 in March 2012 however value quickly eroded to just $3 in August and it is trading at $2.90 today.

Candy Crush Saga has become the most popular game played on Facebook with more than 45 million users, according to AppData making it the top ranked Facebook application overall. It is also ranked number two for top free apps in the iOS app store.

It is yet to be confirmed whether we will see a King.Com IPO and if we do how successful it will be. What we do know however is that the industry will be watching eagerly some with doubts others with their fingers crossed.

What are your views on the potential IPO? If you have any comments on this blog please contact John North, Head of Corporate and Commercial on 020 7583 2222 or jdn@royds.com or Sonia Mohammed smm@royds.com

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