Rovio: No IPO planned for this year

By Johnny Cullen, Friday, 20 January 2012 14:04 GMT

Rovio CEO Peter Vesterbacka has confirmed the company has no plans to have a public offering this year on either the New York or Hong Kong Stock Exchange.

It comes as it was reported last month that Rovio was planning to make a public offering next year on the Hong Kong Stock Exchange.

“We are not in a rush. This year is way too early for an IPO, there are too many open things, and we are in a very early stage of the Angry Birds lifecycle,” the exec told Reuters.

“Hong Kong is very interesting, absolutely, but again it is totally dependent on how markets develop. Asia is where all the people are, and future growth.”

The Retuers report mentioned that Rovio is now valued at $900 million, with Angry Birds seeing 6.5 million downloads on Christmas Day alone.

Sometimes we include links to online retail stores. If you click on one and make a purchase we may receive a small commission. For more information, go here.

Comments

Headlines

Angry Birds

Peter Vesterbacka

Rovio

  • Angry Birds developers raise $3.6 million for Boomlagoon game studio

    Boomlagoon, the Helsinki-based game development studio founded by former Angry Birds creators, has raised $3.6 million in funding which will aid the studio in the development of mobile titles.

  • Angry Birds Epic is a turn-based RPG with a crafting system

    Angry Birds Epic has been announced by Rovio after teasing the game last week. The game is turn-based RPG with a crafting system which allows players to create armor, weapons and potions from items earned in-game or through microtransactions. The game will be soft-launched in Australia and Canada this week on iOS, after which it […]