It’s game over if the City loses another King

It is the biggest British initial public offering (IPO) of the year. It’s an exciting high-tech firm, making a success of one of the world’s fastest growing industries.

Over only a few years it has turned itself into a company worth more than £4bn, a sum easily big enough to propel it straight into the FTSE. There’s just one snag. The company is King Digital Entertainment, and this week it listed in New York rather than London.

This is worrying because, if the City can’t host Britain’s new high-tech stars, it will lose its purpose. If [...]

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