According to IPO documents filed with the
Launched in late 2012, the mega revenue generator accounted for 78percent of King's total revenues of more than
As of December last year, the company states that its 150 games were played more than 1.2 billion times per day. The filed documents of the company reveals that King's annual revenues have risen from
The British technology firm has not so far disclosed the number of shares or their price range in the proposed float apart from indicating a "proposed maximum aggregate offering price" to raise $500milllion (300million pounds).
In January, the company explained on its website that it has acquired theEU trademark for the word "candy" and applied for the US equivalent to protect its intellectual property and thwart competitors trading on its name.
Despite its profitability and recent success, many analysts have expressed concerns that
"It's got some fundamental issues," said
While reassuring potential investors, chief executive
The company has however admitted that it is vulnerable to the same problems which dogged
"A small number of games currently generate a substantial majority of our revenue. In the fourth quarter of 2013, our top three games
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