Fri, Oct 14, 2011 | 11:39 BST
Rovio IPO “a year from now,” $1.2 billion valuation “a bit north,” says CEO
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.
2 
Posted in: Casual
Tags: Angry Birds, Peter Vesterbacka, rovio
2 comments
#1
sg1974
14/10/11, 7:41 pm
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.
#2
sg1974
14/10/11, 7:46 pm
PS Title is wrong. Suggests Rovio thinks the valuation is too high.