“Investors are hungry for initial public offerings, and there’s something sweet in the pipeline. King Digital Entertainment, which makes the popular Candy Crush Saga online game, is one of 14 companies set to go public this week. King’s stock may be ‘fairly valued,’ said Tim Keating, chief executive of Keating Capital. Zynga is worth about $4 billion while Activision has a market value of around $15 billion. Keating said some investors are concerned that King’s profits are too closely tied to the success of one game. But he added that King’s profit margins are strong and its revenue growth over the past year has been an ‘eye popping’ 1000%.”
http://money.cnn.com/2014/03/23/investing/king-candy-crush-ipo/index.html
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Tip Freedomwat.ch Staff with Bitcoin
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