King, the maker of ‘Candy Crush Saga’, registered for an initial public offering with the US Securities and Exchange Commission, with hopes of generating as much as $500 million.

King offers games — including the phenomenally successful ‘Candy Crush Saga’ — on iOS, Android and Facebook and has game studios in Stockholm, Barcelona, Bucharest, Malmo and London. It also has offices in San Francisco and Malta.

As part of the filing, the company revealed it made $567.6 million profit in 2013 on revenue of $1.88 billion. This compares to a profit of just $7.8 million in 2012, on revenue of $164.4 million. King actually made a $1.3 million loss in 2011, on $63.9 million in revenue.

For the quarter ending 31 December it recorded an average of 408 million monthly active users and 304 million monthly unique users. Daily active users during the quarter averaged 124 million.

According to the filing, ‘Candy Crush Saga’ had 93 million daily active users in December and 1.085 billion daily game plays. The company’s next best performer was Pet Rescue Saga, which has broadly the same game mechanics, and had 15 million daily active users and 129 million daily game plays.

Most of the company’s revenue came from in-game sales of virtual items. It averaged 12 million monthly unique payers for its games, equating to around 3.7 per cent of all players shelling out.

Around 73 per cent of gross bookings came from mobile during the fourth quarter of 2013.

The company plans to list its ordinary shares on the New York Stock Exchange with KING as its ticker. The number of shares to be offered and their price range have not yet been determined.

King was reported to have delayed its IPO in December to demonstrate it has other products in the pipeline, rather than being a one-hit wonder looking to capitalise in the short term.