Mobile gaming firm King.com sets sights on the U.S. IPO

King.com Ltd, British mobile gambling company best legendary for its hit puzzle game 'Candy Crush Saga', has filed confidentially for associate degree initial public providing (IPO) within the us, someone at home with the matter same on Sunday.

Online technology corporations area unit speeding to the exchange on the backs of Twitter opposition's announcement earlier this month that it plans to travel public within the most thirstily anticipated initial public offering since last year's flotation of Facebook Inc.

Emerging growth corporations like King will use a closemouthed initial public offering registration method within the U.S. because of the Jumpstart Our Business Startups (JOBS) Act, that disentangled variety of federal securities laws in hopes of boosting capital raising and thereby increasing job growth.

King has employed Bank of America Merrill kill corporation, Credit Suisse cluster conductor and JPMorgan Chase & Co to guide the providing, aforementioned the person, confirming AN earlier report by the Daily Telegraph and asking to not be known as a result of the knowledge is confidential.
Representatives for King and also the banks either declined to comment or didn't reply to requests for comment.
King offers one hundred fifty games in fourteen languages through mobile phones, Facebook and its web site. It boasts over one billion gameplays per day from its users.
The company's games charm to a growing trend for players to play puzzles with their friends briefly bursts, particularly as games area unit more and more contend on the advance phones or tablets to kill spare minutes.

Rival Zynga opposition went public 2 years agone during a high-profile initial public offering that raised $1 billion (618 million pounds). Since then, Zynga has suffered from droopy morale throughout many quarters of worsening performance and recurrent waves of layoffs.

Founded in 2003, King has been profitable since 2005 and has not had a funding spherical since Gregorian calendar month of that year, once it raised thirty four million euros (28.48 million pounds) from investment companies Apax Partners and Index Ventures.