By John Glenday

Smartphone games developer King, famous for its popular Candy Crush titles, has brushed off concern at a torrid first day of trading on the New York stock exchange, by claiming that the IPO was a ‘good result’.

Shares in the developer sank from their £22.50 opening to just $19 at the close of trading, wiping out $1bn of the firms value amidst investor fears that the firm is nothing more than a one hit wonder.

Dismissing this crash however King co-founder Riccardo Zacconi said it had been the ‘experience of a lifetime’, adding that the IPO was a ‘marathon’ and not Read full story ›

Source: The Drum