Rovio IPO “a year from now,” $1.2 billion valuation “a bit north,” says CEO

Friday, 14 October 2011 11:39 GMT By Johnny Cullen

Rovio CEO Peter Vesterbacka has hinted the company may go for an IPO within the next year, but says it current valuation of $1.2 billion is lower than it sees it should be.

When asked about the IPO for the Angry Birds company, Vesterbacka said to Bloomberg: “We’re not ready to file for an IPO tomorrow. Maybe a year from now.”

On its valuation, he added: “We’re happy with our valuation but we think it’s probably a bit north of that.”

Since its introduction in 2009, Angry Birds has sold 350 million units worldwide across multiple platforms, including iOS, Android, PSN and others.

Thanks, Gamasutra.