candycrushKing Digital Entertainment, the maker of the hit Candy Crush Saga game, is trading at nearly 10 percent below its opening share price of $22.50 in its high-profile debut this morning on the New York Stock Exchange.

Shares of the Dublin-based company are currently trading around $20.23.

The drop underscores investor concerns that the company could be a one-hit wonder. Although the company is projected to top $2.6 billion in revenue this year, Candy Crush accounts for 78 percent of King Digital’s sales.

King’s debut is being closely watched in the casual games community, which includes Seattle-based game makers such as Big Fish and RealNetworks’ GameHouse division. King has been a mainstay of that community since long before its Candy Crush hit, with a longtime presence at the Casual Connect conference, held for years in Seattle.

From its IPO filings, here are King’s historical financials, showing the impact of Candy Crush’s success.

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Also see: PopCap boss offers advice to Candy Crush-maker on eve of IPO

 

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