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Report: Rovio aiming for 2013 Hong Kong-based IPO

News by Johnny Cullen Contributor

Published on Dec. 16, 2011

Rovio has reportedly said in a Finnish newspaper this morning it's to plan an IPO for the Hong Kong Stock Exchange in the next two years. Speaking to Tekniikka&Talous weekly, CEO Peter Vesterbacka said the Angry Birds company was aiming to have market capitalization similar to Disney. "That is the target. There is no reason why we should not be able to build a company of that size," he said (via Reuters), adding revenues from the company for this year would be $100 million compared to $10 million in 2010.