An­gry Birds maker Rovio val­ued at $1B in planned IPO

Daily Sabah (Turkey) - - Business -

ROVIO En­ter­tain­ment, the Fin­nish maker of “An­gry Birds” and other pop­u­lar mo­bile games, says that its ini­tial pub­lic share of­fer­ing will value it at about $1 bil­lion. The com­pany based in Espoo, Fin­land said Friday that the shares will be priced in the range of 10.25 eu­ros to 11.50 eu­ros each, for a mar­ket cap­i­tal­iza­tion of be­tween 802 mil­lion eu­ros and 896 mil­lion eu­ros ($953 mil­lion to $1 bil­lion). CEO Kati Levo­ranta said the list­ing on the Helsinki ex­change “will of­fer new share­hold­ers an op­por­tu­nity to be­come part of Rovio’s suc­cess.”

She said Rovio has be­come “a global games-first en­ter­tain­ment com­pany.” Best known for its An­gry Birds mo­bile game that was launched in 2009, the com­pany has ex­panded with other games, a movie and had li­censed the An­gry Birds brand.

Newspapers in English

Newspapers from Turkey

© PressReader. All rights reserved.