The King IPO price will be released sometime today (Tuesday), and will likely be at the top of the price range. That means the Candy Crush-maker's IPO could be valued as high as $7.6 billion - about 2.9 times more than King's projected sales this year, according to a revenue estimate by Sterne Agee & Leach Inc.
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UPDATE: The King IPO Price Is Another Bad Signal for Investors
If that statistic alone isn't enough to scare off investors, we've got three more...