Deals
King Has Biggest Debut Drop Since November Even With Discount
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King Digital Entertainment Plc, maker of the “Candy Crush” smartphone game, suffered the biggest decline of a newly listed U.S. company in over four months even after it priced its shares at a discount to its major peers.
King’s shares dropped 16 percent to end trading at $19 today. King and shareholders Apax Partners LLP and Index Ventures raised $500 million in the IPO after pricing the stock at $22.50.