King Digital IPO Investors Not Sweet On ‘Candy Crush’
King Digital (KING), maker of the hit mobile game “Candy Crush Saga,” left a sour taste with investors as the IPO stock fell in its debut. King Digital Entertainment priced its stock 22.50 late Tuesday, the midpoint of its estimated range, and opened at 20.50. The stock was down 9.8%, near 20.30, in midday trading in the stock market today. “I expected more retail buying, but maybe they’re smarter or more cautious now about piling into IPOs,” said