Tuesday, May 10, 2011

Developer Angry Birds Want to Offer Its shares

Rovio, Angry Birds popular game developer plans to do Innitial Public Offering (IPO) or its first stock offering in three or four more years.

"Very likely we are listed on the stock market in three or four years. But we are not in a hurry," said Chief Marketing Officer of Rovio, Peter Vesterbacka.

However, as reported by Reuters on Tuesday (05/10/2011), Vesterbacka not mention where the IPO would take place later.

"We can realize all our plans without the stock list. But the stock is still a way more meaningful than the other way, for example by selling the company," he added.

This Finnish company hopes within three years could become the world's leading entertainment brands. Currently, the Rovio has opened new offices in China and will consider also established offices in Japan and the United States.

Vesterbacka estimated sales value of Rovio in 2011 ranged between EUR 69.85 - EUR 139.7 million, up from 6.5 million the previous year.


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