Candy Crush Saga game maker files for IPO, report says

9:04 AM, Sep 27, 2013   |    comments CEO Riccardo Zacconi. (Photo:
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SAN FRANCISCO - Tech's other hot IPO candidate is hurtling toward its day on Wall Street., the London-based maker of Candy Crush Saga, has quietly filed an S-1 document with the Securities and Exchange Commission worth an estimated $5 billion, according to a report in London's Daily Telegraph, citing an anonymous source.

USA TODAY could not immediately confirm the report. King had no comment.

King's reported filing is similar to the one that allowed Twitter to keep its IPO confidential last week. King hired a chief financial officer, Hope Cochran, this week. She held the same title at Clearwire, which built the first 4G network in the USA and merged with Sprint in 2012.

Both anticipated public stock offerings come amid a dearth of tech public offerings. Just one in six new U.S. listings this year have been tech-related stocks, making 2013 potentially the second-worst showing in 20 years, according to data provider Dealogic. At the height of the dot-com boom, in 1999, 69% of all IPOs were technology or Internet companies.

The 22 tech-related U.S. IPOs this year - out of 134 - have raised $3.4 billion.

Tech's lag is a clear byproduct of Facebook's disappointing IPO debut in May 2012. Before it, Zynga stumbled out of the IPO gate in December 2011.

King could trigger more tech-centric public offerings, including long-rumored IPOs for Box and Dropbox in 2014.

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