King preparing for IPO, reports claim

Candy Crush Saga developer King is gearing up for an IPO, according to a report.

People familiar with the move” have toldThe Wall Street Journalthat the London company has approached a number of banks to pursue a potential initial public offering in the US.

Banks including J.P. Morgan Chase & Co. Credit Suisse Group AG and Back of America have been identified to potentially handle any IPO.

The sources noted however that a date for the IPO and pricing had yet to be finalised.

A spokesman for King said the company was currently examining all options to help further growth, and that taking the company public could be one such route, but did not confirm whether such a decision had been made.

Sister site Develop has the full story.