Candy Crush games developer King valued at over $7bn

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.

Candy Crush was the most downloaded free mobile app of 2013 - but investors are asking if a market bubble is forming.

Michelle Fleury reports from New York.