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Listing of King on the Nasdaq exchange

Mobile games developer King has filed documents for an initial public offering (IPO) in the US, according to the Daily Telegraph newspaper.

The report said that King, which created the hugely popular Candy Crush Saga mobile game, plans to float on the Nasdaq exchange.

King has lodged the necessary ‘S-1’ paperwork with the Securities and Exchange Commission.

The newspaper said that the company had taken advantage of a loophole to allow it to keep its IPO confidential – following the same approach undertaken recently by social networking website Twitter.

The report added that the IPO could value the company at more than $5 billion (€3.7 billion).

Last month, King announced that it would discontinue five of its earlier titles in order to focus on its more popular games such as Candy Crush Saga and Pet Rescue Saga.

Candy Crush Saga posted a record 20.7 million daily active users on social networking website Facebook in July.