Report: Candy Crush's King files for IPO in US

Set to float on the Nasdaq

Report: Candy Crush's King files for IPO in US
Candy Crush developer King will float on the Nasdaq stock exchange in what's set to be the biggest initial public offering (IPO) by a UK-based technology company in years.

That's according to the Daily Telegraph, which claims the firm has quietly lodged its S-1 paperwork with the Securities and Exchange Commission, with a "loophole for rapidly growing businesses" allowing the firm to keep the news confidential.

Nevertheless, the paper reports King has held discussions with the likes of JP Morgan, Credit Suisse and Bank of America to lead the IPO, having just hired Hope Cochran as the firm's new chief financial officer.

A new hope

"We're thrilled that Hope is joining us," said company CEO Riccardo Zacconi of Cochran, who previously served as CFO at telecommunications operator Clearwire.

"She has an exceptional track record of helping to manage fast-growing and entrepreneurial companies and as King continues to grow, we know she'll be a great addition to the team."

The Daily Telegraph claims King is hoping Cochran's experience leading Clearwire to its own IPO will aid her in her new position, though officially the firm is making no comment on the the rumoured public offering.

"I am excited to be able to join King and the team at this point in its journey," said Cochran. "King has had a long track record of success, and I look forward to embarking on this next phase with their proven and dynamic management team."

[source: Daily Telegraph]

With a fine eye for detail, Keith Andrew is fuelled by strong coffee, Kylie Minogue and the shapely curve of a san serif font.