Business Standard

'Angry Birds' maker Rovio plans IPO to boost growth


The maker of hit mobile phone game "Angry Birds" is planning an initial public offering to raise ^30 million ($36 million) and potentiall­y use its shares to make acquisitio­ns. Finland's Rovio Entertainm­ent said on Tuesday that existing shareholde­rs, which include the uncle of the company's co-founder as well as venture capital firms A cc el Partners and A to mi co, would also sell some shares, though it gave no details. It declined too to put an estimated value on the company, which some traders have said could be a high as $2billion.

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