Angry Birds Creator Rovio Eyes $1B IPO in 2012

 By 
Todd Wasserman
 on 
Angry Birds Creator Rovio Eyes $1B IPO in 2012
Mashable Image
Credit:

Peter Vesterbacka, Rovio CMO, told Bloomberg Television that the company will launch an IPO "maybe a year from now."

Vesterbacka also said that Rovio's market capitalization, which had been estimated at around $1 billion is actually "a bit north of that."

Rovio earns its revenues from in-game purchases and Angry Birds merchandise, including plush toys and baby products. The company is also planning an Angry Birds movie and TV programming.

The company has expressed its intention to go public before but has never been clear on a timeframe. It would presumably join other social media companies, including Zynga, Groupon and Facebook, that plan to test the stock market with an IPO.

The biggest stories of the day delivered to your inbox.
These newsletters may contain advertising, deals, or affiliate links. By clicking Subscribe, you confirm you are 16+ and agree to our Terms of Use and Privacy Policy.
Thanks for signing up. See you at your inbox!