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 [2].
[3]
(h/t @pdacosta)
Oops - trading down to $19.20...
[4]
oh, and of course, it's different this time...
[5]
Nope, no bubble here...
[6]