Sections

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

Friday, 14th 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.

Latest

2 Comments

  1. sg1974

    LOL at the moron valuing his company in the billions based almost exclusively on the past success of a single social game.

    Ridiculous thing is, there are even more morons out there who’ll fall for it; they’ll be the ones left with junk shares two years later, while the investment bankers who handled the IPO laugh their asses off on a yacht somewhere in the Med

    It’s like the 2000 dotcom bubble all again. Castles built on sand by egomaniacs.

    #1 3 years ago
  2. sg1974

    PS Title is wrong. Suggests Rovio thinks the valuation is too high.

    #2 3 years ago

Comments are now closed on this article.