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Rovio IPO "a year from now," $1.2 billion valuation "a bit north," says CEO

News by Johnny Cullen Contributor

Published on Oct. 14, 2011

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.