Tags: Rovio | IPO | Angry Birds | games

Angry Birds Maker Rovio Valued at $1 Billion in Planned IPO

Image: Angry Birds Maker Rovio Valued at $1 Billion in Planned IPO

Friday, 15 Sep 2017 02:53 PM

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.

© Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
1Like our page
2Share
StreetTalk
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.
Rovio, IPO, Angry Birds, games
130
2017-53-15
Friday, 15 Sep 2017 02:53 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved