Angry Birds maker Rovio halts public offering of shares 'due to oversubscription'

Rovio, the Finnish entertainment company behind Angry Birds, on Monday said its main shareholders have decided to discontinue the subscription period for its public offering of shares.

The company says the offering to private individuals and entities in Finland, Sweden and Denmark has been oversubscribed, leading to its decision (which should have no direct impact on the upcoming IPO, which is set to value the company at between €800 million and €900 million).

Trading is expected to commence next week.

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