King's offering of 22.2 million shares would raise about $500 million at that price, which is at the mid-point of its planned $21-$24 price range. King, founded in Sweden in 2003, will sell 15.3 million shares in the offering with the rest being offered by selling stockholders, including Apax Ventures. The offering marks the largest U.S. IPO from a booming mobile gaming industry that has been keen to emerge from the shadow of Zynga Inc, the social gaming firm that lost half its value after a 2011 IPO that valued it at $7 billion. Dublin-based King, which hopes to avoid Zynga's fate because of its stronger focus on a mobile gaming market worth an estimated $17 billion, sold 15.5 million shares in the offering.
via Business News - Yahoo Finance http://ift.tt/OXqkcE
0 commentaires:
Enregistrer un commentaire