Candy Crushed - IPO Drops 15%

Tyler Durden's picture

Having IPO'd at $22.50, King Digital Entertainment - the maker of Candy Crush - opened disappointingly this morning at $20.50 and is trading down tro $19.20!... just keep repeating the mantra that KING is not ZNGA and we are sure the levitation will resume. Of course, this would have nothing to do with the record-setting levels of earnings-less IPOs that are occurring.

 

(h/t @pdacosta)

Oops - trading down to $19.20...

 

oh, and of course, it's different this time...

 

Nope, no bubble here...