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King Digital Looking To Float On N.Y. Stock Exchange

King Digital Entertainment, the British developer of mobile phone puzzle game 'Candy Crush Saga', has filed for US initial public offering (IPO), in a bid to raise $500m for operational capital and acquisitions, which would value it over $5bn. King reported 7,000% rise in profits last year, with revenue and net profit reaching $1.88bn and $567.6m, compared to $164.4m and $7.8m respectively in 2012.

Read the whole story at Computer Business Review »

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