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 Angry Birds  Maker Rovio Aiming For U.S. Stock IPO In Next Five Years

Angry Birds Maker Rovio Aiming For U.S. Stock IPO In Next Five Years

March 18, 2011 | By Kyle Orland




Rovio, the creator of mobile smash hit Angry Birds, which has now seen over 100 million downloads across multiple platforms, is looking to make an initial public stock offering sometime in the next five years, according to company chairman Kaj Hed.

We probably want to be in a marketplace that is as liquid as possible, which would probably mean NASDAQ is our stock exchange of choice, Hed said in a phone interview reported by Bloomberg. If we can do it in the next few years, that would be great.

Though the company will remain based in Finland, Hed said a U.S. stock offering was prefereable because "our fans are primarily in U.S., so it's easy for us to bring our brand there," according to a Reuters report.

Last week, Rovio announced a planned expansion fueled by $42 million in Series A funding, led by venture capital firm Accel Partners. That investment would value the entire company at roughly $284 million, according to Finnish business website Talouselama.

Rovio found success with Angry Birds after years spent developing dozens of games for Nokia feature phones. Since launching on iOS in December 2009, Angry Birds and has seen ports for Andoid, PS3/PSP, PC and Mac, and an upcoming Facebook edition is currently planned for a May release.

The brand extends beyond gaming as well, with over 2 million licensed plush toys sold so far and an upcoming animated series planned.


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