Developer of Candy Crush to float on Stock Exchange

The developer behind Candy Crush Saga has applied to float on the New York Stock Exchange.

The game, which is known for being highly addictive, involves lining up small pieces of sweets to make them vanish from the screen.

The company behind Candy Crush Saga is to float on the NYSE.

In a statement, King Digital Entertainment said they had asked the US Securities and Exchange Commission regulatory body for a listing, saying:"King intends to list its ordinary shares on the New York Stock Exchange under the ticker symbol "KING".

"The number of shares to be offered and the price range for the offering have not yet been determined."

Candy Crush began on Facebook, before quickly moving onto an online format and app which can be played on mobile phones and tablets.

According to the IDATE digital research and consultancy firm, the game records around 700 million sessions per day amounting to sales of £509,000.