Kings stock listed on the stock exchange at $22.50 per share, but by the end of the day stocks had fallen over 15% to the $18 region.
Why? I guess investors weren't so thrilled with the fact that all of King's eggs are in one basket - the Candy Crush Saga basket which makes up about 75% of the companies revenue.
While King's is busy trying to come up with the next viral game that we all love, some Candy Crusher's are deleting the app in protest as they learn about the accusation of CandySwipe's developer that King's stole his came CandySwipe.
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Candy Crush Saga Kings' IPO not so SWEET!
Saturday, March 29, 2014
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