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Rovio: No IPO planned for this year

News by Johnny Cullen Contributor
Published on

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.

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