FORTUNE — King Digital Entertainment, maker of the Candy Crush Saga mobile game, today set terms for an initial public offering that could value the company at more than $7 billion.
The Dublin, Ireland-based game publisher said that it plans to offer 22.2 million shares at between $21 and $24 per share. That would put its initial market cap at around $6.6 billion on the low end, or more than $7.5 billion on the high end.
King Digital plans to list its shares on the NYSE under ticker symbol KING, with J.P. Morgan
, Credit Suisse
and BofA Merrill Lynch
serving as lead underwriters. It reports around $568 million in net income on $1.8 billion in revenue for 2013, compared to $7.8 million in net income on $164 million in revenue for 2012. Candy Crush was released in April 2012 for Facebook
, and in November 2012 for smartphones.
Shareholders include Apax Partners (48.2% pre-IPO stake) and Index Ventures (8.3%).
The company is expected to price its IPO within the next month, but is not yet formally on any published IPO calendars.
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