“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
Related posts:
Inflation Fuels Crises in Two Latin Nations
Kansas Bill Filed To Ban TSA Pat-Downs
U.S. Supreme Court declines to review NSA phone spying case
ACLU Sues U.S. Govt Over Secret NO-FLY List
Suicide of Deloitte partner Daniel Pirron linked to Standard Chartered's Iran scandal
HSBC economist: "There aren't enough lifeboats to go around"
U.S. Begins Restricting Visas for Chinese Citizens
Why are sales of non-alcoholic beer booming?
Target stores attacked by pornographic pranksters
Japan's Abe to push for rearmament, war powers after election win
Royal Bank of Scotland Japan Unit Sentenced in Libor Probe
1 in 4 Americans is saving nothing for retirement
For Virtual Prospectors, Life in the Bitcoin Mines Gets Real
Deadly toll in police chases isn't a new story
Another shelter for warehoused immigrant children is planned for Houston