Having IPO’d at $22.50, King Digital Entertainment – the maker of Candy Crush – opened disappointingly this morning at $20.50… just keep repeating the mantra that KING is not ZNGA and we are sure the levitation will resume. Of course, this would have nothing to do with the record-setting levels of earnings-less IPOs that are occurring.
Oops – trading down to $19.20…
oh, and of course, it’s different this time…
Nope, no bubble here…
via Zero Hedge http://ift.tt/1o0RL57 Tyler Durden