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Why the King IPO Tastes Bad for Investors
King IPO update: King Digital Entertainment, maker of several hit social Internet games, filed for a U.S. initial public offering (IPO) with the U.S. Securities and Exchange Commission today (Tuesday).
The stock will be listed on the New York Stock Exchange under the symbol "KING," with J.P. Morgan Chase & Co. (NYSE: JPM), Credit Suisse Group AG (NYSE: CS), and Bank of America Merrill Lynch (NYSE: BAC) leading the process.
Here's why King's IPO will be more sour than sweet... - Two Numbers Microsoft (Nasdaq: MSFT) Doesn't Want Investors to See
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