Candy Crush Maker's IPO Could Value It at More Than $7 Billion

Is the maker of Candy Crush Saga worth more than $7 billion? We're about to find out.

King Digital Entertainment, the company behind the hugely popular Candy Crush mobile game, said in an SEC filing Wednesday that it plans to price its IPO at between $21 to $24 a share. At the high-end of that range, King would raise $533 million and be valued at about $7.6 billion.

King filed paperwork to go public in February after months of rumors about a planned IPO. Some have questioned whether King's IPO would suffer the same setbacks as Zynga, another gaming company, as it struggles to replicate the tremendous success of Candy Crush.

They've only really had one big success. 

" They've only really had one big success. That's Candy Crush," Brian Blau, an analyst with Gartner, told Mashable in an earlier interview about King's IPO. "Clearly that's a lot bigger than their other games. But as we know, as games go, hits go."

King's revenue jumped from $164 million in 2012 to a whopping $1.8 billion in 2013, thanks in large part to Candy Crush, which launched in mid-2012. The game had 93 million daily active users in December and accounted for 78% of the company's overall revenue in the fourth quarter of last year.

The gaming company has been around for more than a decade and does have a number of other games in its catalogue with millions of active players, though none remotely as successful (yet) as Candy Crush Saga. (mashable)