Unlike IPOs of the dot-com era, it made $1.9 billion in revenue last
year and was actually profitable. It hopes to raise $500 million in its
IPO which is expected to start trading mid-week. It will list as KING on
the NYSE.
——
The Candy Crush CEO Ricardo Zacconi has said not to worry about
valuations when deciding whether to invest in the stock or not. Instead
he says you should just play one of the games to make up your mind.
“To really understand what we do, you’ll need to take a short break
from reading this document and play one of our games. Never had a go on
Farm Heroes Saga? Then why not download it now. Within a minute or two,
you’ll understand the basics. And as you progress through the Saga, you
will find that we have provided enough additional challenges and twists
to keep it fun, but not so hard that you want to stop playing the game
altogether. We call it bite size brilliance – the perfect way to spend
three minutes of free time,” he wrote in the prospectus filed with the
SEC for the stock.
http://finance.yahoo.com/news/ipo-market-too-hot-handle-193326684.html;_ylt=AwrBJR86kDBTS0cANOGTmYlQ
Unlike IPOs of the dot-com era, it made $1.9 billion in revenue last year and was actually profitable. It hopes to raise $500 million in its IPO which is expected to start trading mid-week. It will list as KING on the NYSE.
——
The Candy Crush CEO Ricardo Zacconi has said not to worry about valuations when deciding whether to invest in the stock or not. Instead he says you should just play one of the games to make up your mind.
“To really understand what we do, you’ll need to take a short break from reading this document and play one of our games. Never had a go on Farm Heroes Saga? Then why not download it now. Within a minute or two, you’ll understand the basics. And as you progress through the Saga, you will find that we have provided enough additional challenges and twists to keep it fun, but not so hard that you want to stop playing the game altogether. We call it bite size brilliance – the perfect way to spend three minutes of free time,” he wrote in the prospectus filed with the SEC for the stock.