King is preparing for an IPO, but that does not mean they actually will do it. Preparation is everything.
Online game maker King has had unexpected success with Candy Crush Saga. Now the company has hired J.P. Morgan according to The Wall Street Journal to prepare for an IPO. TechCrunch though has a report that says that this does not mean necessarily that King.com goes IPO. They just want to have the option. The failed IPO of Zynga is still a problem for an online game company IPO.
Social online games come and go. Draw Something was such a big hit that Zynga bought them for a lot of money and just recently they shut it down. King is going to release their next game. I guess King and investors will have a look at how well that game is going to be received. It is called Pet Rescue Saga.