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    King Digital Went Sour But IPO Market May Still Be Too Spicy

    Wochit Headline News

    by Wochit Headline News

    It’s been a great year for IPOs. Well, except for yesterday when Candy Crush Saga game-maker King Digital debuted on the New York Stock Exchange and then fell 16%, making it the worst opening day for any initial public offering so far this year. Looking past King Digital, the IPO market has been hot. According to a report from Ernst & Young, in the first quarter of 2014, U.S. IPOs are up 113% from last year and have raised 36% more capital.