King Digital Entertainment Plc, best known for the hit mobile phone game Candy Crush Saga, said it expects to price its U.S. initial public offering of 22.2 million shares at between $21 and $24 per share.
King, founded in Sweden in 2003, will have an equity valuation of $7.56 billion at the top end of the price range.
The company will offer 15.5 million shares in the offering, with the rest being sold by selling stockholders, including Apax Ventures, King said in a filing with the U.S. Securities and Exchange Commission on Wednesday.
Copyright: Thomson Reuters 2014
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