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King Digital Entertainment, maker of the hit smartphone game “Candy Crush Saga,” is seeking a valuation of nearly $7.6 billion in its upcoming IPO. That would make it the fifth-largest video game company traded in the U.S. The Dublin-based company said Wednesday that it plans to sell 22.2 million shares at $21 to $24 a share. King would raise about $532.8 million at the top end of the price range. It has an over-allotment option to sell 3.33 million additional shares, it revealed in a filing with the Securities and Exchange Commission. It plans to use the proceeds for working capital and acquisitions. King plans to list its shares on the New York Stock Exchange under the ticker symbol KING. The offering is scheduled to be priced on March 25 and the stock to start trading on March 26, Reuters reported. But King is being called a one-hit wonder because… Scalper1 News
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