|Type||Symbol||Name||Expected IPO Share Price||CFD Rating
Wednesday, March 26
|KING:xnys||King Digital Entertainment Plc||USD 21-24||5||25%||09:30 a.m. ET|
|King Digital Entertainment Plc||USD 21-24||n.a.||n.a.||09:30 a.m. ET|
King Digital - a new tasty treat for investors?
On March 26th King Digital Entertainment Plc, maker of the popular smartphone game “Candy Crush Saga,” offers shares in its initial public offering. According to a recent filing King Capital, owned by i.e. Apax Partners LLP and venture capital firm Index Ventures, aims to raise as much as $373 million by selling 15.5 million shares for $21 to $24 apiece.
A minefield or a tasty treat?
Apparently, the company plans to use the funds for working capital and acquisitions and has applied to list its shares on the New York Stock Exchange under the symbol KING.
With the offering price of $7.6 billion will King Digital be a tasty treat and worth the money or will it be a minefield for investors on March 26th?
Use SaxoTrader to conquer KING
As soon as US markets closes on Tuesday, March 25th 2014, you will be able to place orders via SaxoTrader, which will be active on the opening day. Beware that the margin on the CFD will be revised when trading has stabilized. Shorting will usually be available within 3 to 4 trading days after the first trading day.