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Maker of Candy Crush Game Seeks Valuation Near $7.6 Billion in IPO

“Candy Crush Saga” accounts for about 80 percent of the revenues of King Digital Entertainment.
“Candy Crush Saga” accounts for about 80 percent of the revenues of King Digital Entertainment.PHILIPPE HUGUEN/AFP/Getty Images

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NEW YORK — The maker of Candy Crush Saga, the hugely popular puzzle game, said Wednesday that it hoped to raise as much as $532.8 million in its initial public offering, valuing the company at nearly $7.6 billion.

In a revised prospectus, the company, King Digital Entertainment, said it planned to price its shares at $21-$24 apiece. At the midpoint of that range, the company would raise $499.5 million and be valued at roughly $7.1 billion.

Should demand prove higher than unexpected, the game developer’s underwriters can sell additional shares in what is known as a greenshoe option, pushing the maximum size of the offering up to $612 million.

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