King.com more than 1 billion global average game users

Absrtact: local time Saturday, people familiar with the matter said that the British mobile gaming company King.com, but also a well-known game "Candy Smash Legend" (Candy Crush Sag) developers have secretly in the United States in Sunday to submit an IPO (initial public offering) documents. In fact, in

local time in Saturday, people familiar with the matter said that British mobile gaming company King.com, but also a well-known game "Candy Smash Legend" (Candy Crush Sag) developers have secretly in the United States in Sunday to submit an IPO (initial public offering) documents.

In fact, a growing number of online Internet companies are starting to prepare for the IPO after Twitter announced earlier this month that it had submitted its initial listing. However, the IPO of social networking giant Facebook in the May 18 of last year still makes many investors feel chilling.

King.com and Twitter, the "emerging growth companies", are able to submit their IPO documents in secret form, so their companies will be relatively lax in their securities supervision, according to the rules of the Entrepreneurial Aid Act. and is expected to quickly raise the funds needed to support the company's development.

King.com has now hired BofA Merrill Lynch (Bank of America Lynch Corp.), Credit Suisse Group AG and JPMorgan Chase, according to the unnamed source. & Co) as its IPO underwriter.

King.com and spokesmen for the parties declined to comment.

So far, King.com has offered 150 games in 14 languages to users worldwide, mainly through mobile phones, Facebook and official websites. At the same time, the company said its global average number of game users has exceeded 1 billion. Some analysts believe that the company's main target users of the game are those who want to be able to "play two games" with friends of mobile device users, but also those who want to use smart phones or tablet computer games to send off their commute boring time users.

On the other hand, Zynga, the king.com rival, had already made a high-profile IPO two years ago and successfully financed 1 billion of billions of dollars. But since then, Zynga has fallen for several consecutive quarters and has been forced to make several layoffs.

King.com was first founded in 2003, and the company was profitable in 2005, but it has never had any financing since September, when it financed € 34 million (about 46.04 million dollars) from Apax and Index Ventures.