angry Birds maker Rovio goals $ 1bn valuation
The cell video games developer in the back of angry Birds expects to be value about $ 1bn when it lists on the stock market.
Rovio has set a range for its share sale that would price the business at between 802m euros and 896m euros ($ 960m-$ 1.07bn; £710m-£795m).
The Finnish company’s boss, Kati Levoranta, stated the list would assist the company expand further.
it’s “greater than just a gaming enterprise”, she pointed out, with earnings from movie and merchandising as neatly.
The Finnish enterprise expects to list on the main a part of the Helsinki Nasdaq on three October.
For the year to 30 June, Rovio reported revenues of 265.8m euros, of which 210.1m euros got here from video games and fifty five.7m euros from manufacturer licensing.
“The mobile gaming market is expected to grow quick and Rovio has grown faster than the market in contemporary years,” pointed out Ms Levoranta.
“however Rovio is plenty more than only a gaming company. irritated Birds branded consumer products are already bought in some one hundred twenty counties and the primary irritated Birds movie, released in 2016, changed into a world container-workplace success.
“The list is an important step in developing Rovio into an excellent stronger video games-first entertainment business.”
BBC News – Technology