The games developer behind Candy Crush Saga, King, has been valued at over $7bn (£4.2bn) after it raised $500m listing on the New York Stock Exchange.

It sold 22.2 million shares priced at $22.50 per share - the mid-point of the range the firm had initially set.

King said it plans to use the money raised for "working capital" and "other general corporate purposes, which may include acquisitions".

Candy Crush was the most downloaded free mobile app of 2013.

(BBC)