The firms leading on the Candy Crush IPO
25th February 2014
King.com, the firm behind the immensely popular Candy Crush Saga, has been advised by leading firms DLA Piper, Fenwick & West and William Fry on the game’s proposed IPO on the New York Stock Exchange. The IPO has been valued at $500 million, with the money set to be used for working capital and acquisitions.
DLA Piper took on one of the legal jobs in this public offering as it advises from a UK perspective on British-specific aspects of the transaction. Fenwick & West, meanwhile, are advising on US aspects from its Mountain View office and William Fry has advised on the redomicile from Malta to Ireland.
The Candy Crash Saga has been King.com’s largest game to date with 1,085 million games played on average every day in December 2013, according to this article. It was also one of the most downloaded apps of last year, making the IPO among the most anticipated tech deals of 2014 alongside the IPOs of Dropbox, Zoosk and Pinterest.