Angry Birds flies in with stock market valuation
Rovio Entertainment, the Finnish maker of Angry Birds and other popular mobile games, says that its initial public share offering will value it at up to about £800 million.
Thecompany,whichisbased in Espoo, Finland, announced yesterday that the shares will be priced in the range of €10.25 (£9) to €11.50 each, for a market capitalisation of between €802m and €896m.
Chief executive Kati Levoranta said the listing on the Helsinki exchange “will offer new shareholders an opportu- nity 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.
Scottish developer Tag Games was involved in the development of Angry Birds Action, the next instalment in the popular franchise.