'Candy Crush' Developer King Raises $500 Million at IPO

King, maker of the breakout mobile game Candy Crush, raised just less than $500 million in its IPO, the company announced in a filing released after the market closed on Tuesday.

The $22.50 per share price came within the initial range of $21 to $24 per share set by the company, and values the company at around $7 billion.

The company boasts one of the most successful mobile games of all time in Candy Crush, which averaged 93 million users in December.

The company is issued 22.2 million shares, which will begin trading on the New York Stock Exchange on Wednesday under the ticker symbol KING. Read more...