Candy Crush owners to become overnight millionaires when UK’s most valuable tech company hits stock exchange

The maker of Candy Crush Saga is set to be the most valuable British internet company to float on the stock market, after being valued at $7.6bn (£4.6bn).

London games studio King Digital Entertainment will be valued at four times the company that produced Grand Theft Auto, Take-Two Interactive.

Only last month King was valued at $5.5bn, but the company said its 22.2m shares are likely to be priced between $21 and $24 each.

Senior staff will be made millionaires overnight, with investors such as Midlands-based chairman Mel Morris, who provided the initial £100m from the sale of his dating site uDate, set to own £523m in shares from his 12.2% stake.

Co-founder and chief executive Riccardo Zacconi will own £455m worth of shares from a 10.4% stake.

A total of 11 other investors will own £1.4bn in shares between them.

Previously the company was involved in a dispute with an independent games maker after he claimed King stole the concept for Candy Crush.


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