King Digital Entertainment, best known for the hit mobile phone game Candy Crush Saga, said it expects to price its U.S. initial public offering of 22.2 million shares at between $21 and $24 per share.
King, founded in Sweden in 2003, will have an equity valuation of $7.56 billion at the top end of the price range.
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The company will offer 15.5 million shares in the offering, with the rest being sold by selling stockholders, including Apax Ventures, King said in a filing with the U.S. Securities and Exchange Commission on Wednesday.