King 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.