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posted by cmn32480 on Friday September 15 2017, @04:23PM   Printer-friendly
from the don't-count-your-pissed-off-chickens dept.

The mobile games developer behind Angry Birds expects to be worth about $1bn when it lists on the stock market.

Rovio has set a range for its share sale that would value the business at between 802m euros and 896m euros ($960m-$1.07bn; £710m-£795m).

The Finnish firm's boss, Kati Levoranta, said the listing would help the company expand further.

It is "more than just a gaming company", she said, with sales from film and merchandising as well.

The Finnish firm expects to list on the main part of the Helsinki Nasdaq on 3 October.

For the year to 30 June, Rovio reported revenues of 265.8m euros, of which 210.1m euros came from games and 55.7m euros from brand licensing.

"The mobile gaming market is expected to grow fast and Rovio has grown faster than the market in recent years," said Ms Levoranta.

"But Rovio is much more than just a gaming company. Angry Birds branded consumer products are already sold in some 120 counties and the first Angry Birds Movie, released in 2016, was an international box-office success.

Is it a good investment?


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  • (Score: 0) by Anonymous Coward on Saturday September 16 2017, @07:31AM (1 child)

    by Anonymous Coward on Saturday September 16 2017, @07:31AM (#568871)

    When you share a link it's the best practice to cut out any extraneous shit, like the ?whatever part at the end of the URL here. It is there for tracking. Just share the shortest possible link that still works.

    I like biking bitches as they usually have thighs you can strange a horse with.

  • (Score: 0, Offtopic) by baldrick on Saturday September 16 2017, @12:55PM

    by baldrick (352) on Saturday September 16 2017, @12:55PM (#568936)

    I do like stranging horses

    --
    ... I obey the Laws of Physics ...