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Rovio – Angry Birds developer strives for an IPO News

Tuesday, September 5th, 2017 | Economy

The sale of shares by the largest shareholders as well as the issuance of shares for about 30 million euros are planned, the Finnish computer game developer announced on Tuesday. The listing was planned on the Helsinki Stock Exchange. Rovio wants to finance his further growth with the revenues. In the case of possible acquisitions, shares could also be used in the future.
After job cuts and a corporate restructuring, Rovio has once again catapulted back into the profit zone last year. The Kinofilm "Angry Birds" as well as again attracting games sales contributed to this. Rovio is 70% owned by Trema International, the uncle of one of the company's founders. Other investors include the venture capital firms Accel Partners and Atomico.


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