Home » Gadgets » "Angry Birds" inventor Rovio is targeting a volume of nearly half a billion euros during his stock exchange dealings.

"Angry Birds" inventor Rovio is targeting a volume of nearly half a billion euros during his stock exchange dealings.

Friday, September 15th, 2017 | Gadgets

However, the key data published on Friday means an exchange value of up to around 900 million euros. This would be well below the $ 2 billion (around € 1.7 billion), which was reported in recent media reports.

          With the planned placement on the Helsinki stock exchange above all, existing shareholder funds make a double-digit million-euro amount to the Finnish game developer. The price range for a share will be between 10.25 and 11.50 euros, Rovio said. Market capitalization would then amount to between 802 and 896 million euro. The current shareholders want to sell up to 34.3 million papers. Additional shares are to be offered through a capital increase of around 30 million euros; which then flows to the company. In total, the stock exchanges are expected to have a volume of between EUR 438 million and EUR 488 million, after which a maximum of 54.6 percent of the shares will be traded on the stock market. The subscription period runs from 18 to 26 September. Rovio had announced the planned exchange in Helsinki this month. Finally, the company was hard to land similar hits like "Angry Birds" and has since passed several job cuts. Recently, a renaissance of the brand was achieved with an animation film, which played around 350 million dollars worldwide. A continuation is planned for 2019, which could also be financed with the revenues from the stock exchanges. In the first half of 2017, Rovio generated a profit of EUR 13.3 million with sales of EUR 152.6 million. dpa

          
           

          
          
                
                    
          
            
                

                
        

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