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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.

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Angry Birds

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About the Author

Johnny Cullen

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Johnny has experience at a wide range of games media outlets, having written for Eurogamer, Play Magazine, PC Gamer, GameDaily, and more. He worked at VG247 pumping out news at an astonishing rate for several years. More recently, he founded the games website PlayDiaries.

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