Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
July 29, 2014
arrowPress Releases
July 29, 2014
PR Newswire
View All

If you enjoy reading this site, you might also want to check out these UBM Tech sites:

 Angry Birds  Maker Rovio Eyes A 2012 IPO, Says $1.2B Valuation Was Too Low
Angry Birds Maker Rovio Eyes A 2012 IPO, Says $1.2B Valuation Was Too Low
October 13, 2011 | By Frank Cifaldi

October 13, 2011 | By Frank Cifaldi

Finnish mobile game maker and Angry Birds creator Rovio may start selling shares of its company as early as next year.

That's according to the company's chief marketing officer and "Mighty Eagle" Peter Vesterbacka, who recently spoke with Bloomberg.

"Were not ready to file for an IPO tomorrow," he said when asked. "Maybe a year from now."

In August, sources estimated that the company's valuation may be as high as $1.2B, which ruffled some feathers from critics who said that such value is indicative of a building bubble set to burst.

However, according to Vesterbacka, the company's internal estimates could exceed that $1.2B figure.

"Were happy with our valuation but we think its probably a bit north of that," he said.

Angry Birds has been something of a global phenomenon for the company. Globally, the game recently passed 350 million downloads, and is continuously ranked in both the top free and top paid charts on Apple's iOS App Store.

Related Jobs

2K — Novato, California, United States

Sr Analyst, UseràData & Monetization
Sony Online Entertainment, San Diego
Sony Online Entertainment, San Diego — San Diego, California, United States

UI Programmer, PlanetSide 2
Camy Electronics & Plastics
Camy Electronics & Plastics — Los Angeles, California, United States

Sales and Marketing Assistant
Red 5 Studios
Red 5 Studios — Laguna Hills, California, United States

Localization Project Manager


Nick Kinsman
profile image
I don't know that it's the case, but every time I hear about Rovio's value, I feel like all these guys are doing is stroking their own egos.

It's tiring. Maybe some day we'll hear about the ACTUAL new game they're making instead of how much money they (think they) are worth.

Michael Joseph
profile image
- merchandising

- spinoffs into other media

- Comic

- Cartoons

what's next, Angry Birds card game, feature film, cereal?

jayvee inamac
profile image
feels like they're setting themselves for a disappointment