Angry Birds maker Rovio valued at $1 billion in IPO

Finnish mobile games and animation studio Rovio Entertainment Ltd priced its initial public offering (IPO) at the top end of the initial price range on Thursday.

September 28, 2017 / 20:04 IST

Large Angry Birds balloons are carried down Hollywood Boulevard during the 82nd Annual Hollywood Christmas Parade in Los Angeles, California, December 1, 2013. REUTERS/Gus Ruelas/File Photo

Finnish mobile games and animation studio Rovio Entertainment Ltd priced its initial public offering (IPO) at the top end of the initial price range on Thursday, giving the company a market value of 896 million euros ($1.06 billion) ahead of its market debut on Friday.

The price was set at 11.50 euros per share, compared with the initial range of 10.25-11.50 euros, the company said in a statement.

Rovio raised 30 million euros in the offering, with approximately 458 million euros going to its major owners, including Trema International and venture capital firms Accel Partners and Atomico.

first published: Sep 28, 2017 08:03 pm

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