Shares in King Digital Entertainment Plc fell as much as 16% in their Wednesday debut, underscoring investor concern about the company's reliance on Candy Crush Saga and dampening hopes that its coming-out party could revive investor interest in the mobile gaming industry.
Mobile game industry executives had looked to London-based King's IPO, the largest by a gaming company since Zynga Inc went public in 2011, to help sweep aside skepticism over a notoriously fickle, volatile market.
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