Candy Crush publisher delays flotation over one-hit-wonder fears
Candy Crush publisher King has announced it is to delay its stock market flotation by at least a year after investors voiced concern that it would be unable to replicate the success of its hit title in future releases.
The gaming firm had filed a £3bn initial public offering last September and had planned to go public as early as the fourth quarter of 2013, but was forced to delay following tepid interest from investors.
Candy Crush is the most popular game on Facebook and has been downloaded more than 500m times since its mobile debut last December.
This success has failed to impress investors however, many of whom were burnt by rival firm Zynga – which flopped after being unable to follow-up the unprecedented success of FarmVille.