King Digital Entertainment: sold at -12% below IPO

IPO date: March, 2014
Funding from IPO: $500 million
Offering Price: $22.50
Opening Share Price: $20.50
Current price: $18.00

Activision bought King, makers of the Candy Crush Saga game, in November for $18 a share, which was a 20% premium over King’s closing price on Oct. 30, but still a loss over both the IPO offering price and its open share.