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yalanand
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Platinum
Re: Rovio IPO?
yalanand   5/8/2012 3:19:18 AM
NO RATINGS
What do you think the odds are that Rovio, the studio behind the "Angry Birds" games, will go public next year?

@Noreen, I think Rovio might take the ipo route next year. I would say 60:40. I am sure success of FB ipo will inspire the Rovio to adopt ipo route.


Noreen Seebacher
User Rank
Blogger
Rovio IPO?
Noreen Seebacher   5/7/2012 7:42:35 PM
NO RATINGS
Ok...Cast your vote. What do you think the odds are that Rovio, the studio behind the "Angry Birds" games, will go public next year?
Privately held Rovio reported 2011 earnings before taxes of $67.6 million on revenue of $106.3 million. Nearly one-third of revenue came from licensing and merchandising. "Angry Birds" has 200 million monthly active users, and total downloads of the game are at 648 million.
Peter Vesterbacka, Rovio's chief marketing officer and "Mighty Eagle," told TechCrunch that he had "no further comments" on plans for an IPO, after earlier telling Reuters that the company may go public next year in Hong Kong.
 






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