- The Washington Times - Tuesday, February 18, 2014

The maker of the wildly popular Candy Crush Saga puzzle game filed for an initial public offering on Tuesday, according to reports.

King Digital Entertainment, which has headquarters in Dublin, plans to list the IPO on the New York Stock Exchange under the “KING” ticker symbol, the Associated Press reported. The number of shares to be sold or the price range for those shares was not revealed.

The game maker disclosed that it has 128 million daily active users, with 93 million of those players on Candy Crush. The game is free to play, but users can choose to pay for extra moves and more lives. Tuesday’s filing said it has annual revenue of $1.9 billion and a profit of about $568 million.

Candy Crush was the most downloaded free app on both iPhones and iPads in 2013. Other popular King Digital games include Pet Rescue Saga and Farm Heroes Saga.

The company gave a preliminary target of $500 million with the offering, though it is expected to seek a multibillion-dollar valuation, The New York Times reported.

The company confidentially filed with the Securities and Exchange Commission last fall.

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