King, the maker of the wildly successful ‘Candy Crush Saga’ game, expects the company to be valued at up to $7.6 billion when it comes to market later this month.

The company said it plans to price the 22.2 million shares at between $21 and $24. With the company having almost 315 million shares in total, the upper price would see it valued at $7.6 billion.

In a filing with the US Securities and Exchange Commission, the company said it will sell 15.5 million shares, while shareholders, which include Apax Ventures, will offer 6.7 million shares.

The stock is due to start trading on 26 March, two underwriter sources told Reuters.

King claimed to have 144 million daily active users across all of its games in February and 1.4 billion daily game plays. It is heavily reliant on ‘Candy Crush Saga’ which alone had 97 million daily active users with 1.07 billion daily game plays.

The company had three games in the top 10 grossing game apps in Google Play, Apple’s App Store and Facebook last month. Around 73 per cent of gross bookings came from mobile during the fourth quarter of 2013.

King registered for the IPO in February, with hopes of generating as much as $500 million. It applied to list its shares on the New York Stock Exchange, using the KING ticker symbol.

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.

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.

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.