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War commander kixeye sectors elimination
War commander kixeye sectors elimination








war commander kixeye sectors elimination

While King’s revenue skyrocketed over 1,000 percent in 2013 from the prior year, its fourth-quarter revenue declined 3 percent sequentially to $602 million. Rovio, maker of the still-popular Angry Birds franchise, has yet to pursue an offering, for example. Investors warn of the dangers of an industry where games like “Draw Something”, from Zynga’s OMGPop studio that was shut down a year ago, can top the charts and then quickly fizzle. King’s debut on the Big Board on Wednesday will be closely watched by rivals like Kabam and Kixeye - known for strategy games like “Kingdoms of Camelot” and “War Commander” - which are expected to seek market listings or new financing. When upstarts like King and Zynga go public with valuations approaching those of more established players in the tech space, “it’s all about when (the tech bubble) is going to pop,” he said.Įven if King, which was founded in Sweden a decade ago, pulls off a strong debut, the real test will be the stock’s staying power in coming weeks and months. “I would be inclined not to invest in stock like this.” “The red flag for this IPO is that King’s revenues and fortunes are built on one game,” Michael Yoshikami, chief executive of Destination Wealth Management, said.

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While the company has drawn plaudits for catching the mobile gaming wave with the most downloaded free app and becoming the top revenue producer of 2013 on Apple Inc’s app store, it relies on its marquee game for three-quarters of its revenue. That may be a struggle for London-based King.

war commander kixeye sectors elimination

The flotation this week will be closely watched in the fast-growing $17 billion mobile gaming industry, which is keen to emerge from the shadow of Zynga Inc, which has lost half its value since its 2011 IPO valued it at $8.9 billion. SAN FRANCISCO, March 24 (Reuters) - King Digital Entertainment Plc's IPO-KING.N colorful "Candy Crush Saga" has gone viral on smartphones worldwide, but the company may struggle to replicate that enthusiasm with its upcoming initial public offering valuing the gaming company at $7.6 billion. (Corrects first paragraph to clarify that $7.6 billion represents value of company, not amount to be raised in IPO)










War commander kixeye sectors elimination