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IPO could value Candy Crush maker King at $7.6 billion

The 'Candy Crush Saga' game is displayed on an iPhone 5S and iPad Air.
Andrew Harrer | Bloomberg | Getty Images
The 'Candy Crush Saga' game is displayed on an iPhone 5S and iPad Air.

Can a gaming company built on the back of one gigantic hit be worth 80 percent of gaming titan Electronic Arts? Candy Crush maker King Digital thinks so.

King revealed in an SEC filing on Wednesday that it and its current shareholders are looking to raise a combined $532 million in its imminent IPO, which would value the Dublin, Ireland-based company at around $7.6 billion. At that valuation, King would be worth about four-fifths of Electronic Arts, which has a market cap of $9.3 billion.

Read the full article at Re/code.net.

By Jason Del Rey, Re/code.net.

CNBC's parent NBC Universal is an investor in Re/code's parent Revere Digital, and the companies have a content-sharing arrangement.

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