Rovio exec says IPO could commence in late 2013

Last year, we said that Rovio, the company behind the widely popular game Angry Birds and the newly released Amazing Alex, might consider an initial public stock offering in the near future. But according to its chief financial officer Mikko Setala today, the Finnish video game developer could seek a stock market listing as early as the end of 2013.

In an interview with the Swedish economic newspaper Dagens Industrii, Setala reportedly confirmed that the company has already prepared a stock market entry for 2013, but added that the shareholders have not decided yet as to when or whether it would even happen. “If we go to the stock market, it would most likely be in the second half of next year. We do not need to raise any more funds at the moment,” Mikko Setala said.

Rovio was founded in 2003 by three students from the Helsinki University of Technology. In May this year, the company announced that its mobile game sensation Angry Birds has already reached 1 billion downloads. “This is only the beginning of our story, keep your eyes peeled for what’s coming up next from Rovio!” the company previously said.

Gene Ryan Briones
Categories: General
Tags: Rovio