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UK-based King, the creator of "Candy Crush Saga," has filed for an IPO in the United States. Expected valuation tops $5 billion. King is the second most important mobile app company of Europe, trailing only Finland's Supercell in monthly revenue. This could mean that European tech industry has been able to create two $5 billion-plus companies in the same niche — something that has not happened in a while. Europe's strength used to lie in creating mobile infrastructure and business software companies. Now the continent's future lies in selling virtual lollipop blasters.
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Via BRG - Boy Genius Report
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Via BRG - Boy Genius Report