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.



  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

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