Deals
Angry Birds Maker Plans IPO That May Value It at $2 Billion
- Developer of mobile titles seeks funds for gaming expansion
- Sequel for “The Angry Birds Movie” is also in the works
Angry Birds Maker Rovio Plans IPO
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Angry Birds maker Rovio Entertainment Oy plans to sell shares in a Helsinki initial public offering, seeking funds to support its resurgence seven years after releasing its best-selling mobile-game title.
Main owner Kaj Hed, 62, and some other holders will sell shares, and Rovio will offer about 30 million euros ($36 million) of new stock, the company said Tuesday, without providing a total value for the sale. The IPO could value the maker of the Angry Birds mobile games and movie at about $2 billion, people familiar with the matter said last month.