Furious Investors Dump Shares of Angry Birds Game Maker
- Analysts say Rovio’s 2018 guidance is ‘hugely disappointing’
- Shares have lost half their value since September IPO
Angry Birds Maker's Shares Plummet
This article is for subscribers only.
The chickens are coming home to roost at the Finnish company behind the Angry Birds game.
Rovio Entertainment Oyj lost half its market value in Helsinki, the most since its initial public offering in September and leaving it worth just over $500 million. Investors dumped the stock after executives predicted 2018 sales and profit will come in far below previous estimates.