King.com IPO Does Not Crush It: Shares Open At $20.50, Down …

King Digital, publisher of the popular mobile game Candy Crush Saga, began trading as a public company today on the NYSE not with a pop but with a drop. The stock, trading as KING, commenced trading at only $20.50, down nearly 9% on the $22.50 per share it announced on Tuesday. By the close of trading, King.com’s stock was at $19 per share, down 15.56%, […]