King Digital Prices IPO Within Range

(RTTNews) - King Digital Entertainment plc said Tuesday that it has priced its initial public offering of 22.2 million of its ordinary shares at a price to the public of $22.50 per share, which is within the previously estimated range of $21.00 to $24.00 per share.

The company is offering 15,333,334 shares and certain selling shareholders are offering 6,666,666 shares. In addition, certain selling shareholders have granted the underwriters a 30-day option to purchase up to an additional 3,330,000 shares to cover over-allotments, if any.

The shares are expected to begin trading on the New York Stock Exchange on Wednesday, March 26 under the symbol "KING."