Candy Crush’s King files for IPO

Candy Crush developer King has filed for an initial public offering in the US worth an estimated $5 billion, according to a report.

The Telegraphsays the London firm has quietly submitted pre-IPO S1 documents for its flotation on the Nasdaq exchange, although no official announcement has yet been made.

On the back its enormous success with Candy Crush Saga, the company is said to have made 300 million at the start of the year from its 80 million monthly average users, and has continued to grow.

As of August, King was thought to bemaking more than 400,000 a dayfrom Candy Crush Saga on Facebook alone.

Sister site Develop has the full story.