Maker of 'Candy Crush' game flops in market debut

NEW YORK (KGO) -- The maker of the popular smartphone game "Candy Crush Saga" is officially trading on Wall Street, but it appears investors don't have much of a sweet tooth.

King Digital Entertainment made its big public debut Wednesday morning, ringing the bell at the New York Stock Exchange.

The company raised $499.5 million in an initial public offering. The stock fell $2.53, or 11.2 percent, to $19.91 by midday trading.

King is based in Dublin, Ireland.

(The Associated Press contributed to this report.)