![]() ![]() I just feel that we have too many sectors that are empty. ![]() Would like to see it downsized back to the fundamentals. Elite Rhino's have 5,000 health and we could flatten bases with those. When you could DP even the strongest bases by using an entire platoon of riflemen because it would overload the servers. When the bases only had turrets or mortars as defense platforms. I miss the original days when we could not repair platoons and had to rebuild the dead units from scratch. Stop with the worrying about the next event and get the game back or you will keep losing people. I have hade several accts and lost many of them but I have been playing since Megs rulled the battlefields. "People started to then invest in our company and made its market capitalization grow six times.Just like Nascar stop with all the stupid changes and useless toons and get back to what made people play when it started. A sequel, "AniPang 2," launched in January and emerged as the top-grossing iOS and Android game in South Korea in just three months. "We were looked at as a one-hit wonder, same as King," SundayToz Chief Executive Kevin Lee said. Korea's SundayToz Corp, which went public last year after its color-matching mobile game "AniPang" went viral, acted to do just that. "We're definitely looking for King to prove that gaming companies can build a sustainable business," said Andy Zhong, FunPlus's chief executive. FunPlus, the China-based company behind "Family Farm," announced a $74 million funding round last week, the gaming industry's largest in recent years. There are signs that King's IPO is already galvanizing investor interest. King's valuation up to $7.6 billion would take it close to top-tier video gaming giants such as Electronic Arts ($9.4 billion) and Activision Blizzard ($14.9 billion). ![]() "The King IPO is going to revalidate the gaming space," said Taehoon Kim, chief executive of nWay, a San Francisco-based startup that develops online and mobile games. Other potential IPO candidates like Kixeye are also waiting in the wings. Kabam, which expects gross revenue to grow from $360 million last year to $550 million to $650 million in 2014, is weighing an IPO. ![]() The mobile gaming space until now has seen mainly smaller players like Glu Mobile list in the United States. Regardless of how King's stock performs, the company will become the barometer for a 7-year old, volatile and fragmented industry. Here, the company is giving you information and saying Candy Crush has peaked." "Zynga was in denial that its business was declining when it went public. The discount "seems fair and an acknowledgment of negative factors," said Bhatia, who has yet to rate King's stock. It will price shares at eight to nine times earnings before interest, taxes, depreciation and amortization, which is slightly below the average of 10 times EBITDA at which Activision and Electronic Arts are trading, according to Bhatia. King, which is offering 22.2 million shares at between $21 and $24 per share, will announce final pricing on Tuesday. "Because it's not, that's a double whammy." "Revenue concentration in one game would still be palatable if in fact the game was growing," Sterne Agee analyst Arvind Bhatia said. King said the decline reflected "a decrease in 'Candy Crush Saga' gross bookings," though gross bookings of other games rose. While King's revenue skyrocketed over 1,000 percent in 2013 from the prior year, its fourth-quarter revenue declined 3 percent sequentially to $602 million. Rovio, maker of the still-popular Angry Birds franchise, has yet to pursue an offering, for example. Investors warn of the dangers of an industry where games like "Draw Something", from Zynga's OMGPop studio that was shut down a year ago, can top the charts and then quickly fizzle. King's debut on the Big Board on Wednesday will be closely watched by rivals like Kabam and Kixeye - known for strategy games like "Kingdoms of Camelot" and "War Commander" - which are expected to seek market listings or new financing. When upstarts like King and Zynga go public with valuations approaching those of more established players in the tech space, "it's all about when (the tech bubble) is going to pop," he said.Įven if King, which was founded in Sweden a decade ago, pulls off a strong debut, the real test will be the stock's staying power in coming weeks and months. "I would be inclined not to invest in stock like this." "The red flag for this IPO is that King's revenues and fortunes are built on one game," Michael Yoshikami, chief executive of Destination Wealth Management, said. ![]()
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