'Candy Crush' maker lands 16% below IPO price

King Digital Entertainment closed nearly 16 percent below its initial public offering price on Wednesday, marking a disappointing debut for the maker of blockbuster mobile game “Candy Crush Saga.”

The IPO garnered some $500 million for the comapny on Tuesday evening, but its sahres tumbled as much as 16 percent the next day, according to Fox News.

“It’s going to be hard not to view King as anything but a one-trick pony because they will have the difficulty of trying to duplicate ‘Candy Crush,’” David Menlow, president of IPOFinancial, recently told Fox News.

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