Angry Birds maker Rovio makes its IPO plans official

Finnish mobile games company Rovio Entertainment, the makers of Angry Birds, has announced its plans to list publicly in Helsinki.

The company will offer around €30 million in new stock, reports Bloomberg. The valuation is tipped to be about $2 billion.

Rovio returned to profit last year following the success of the Angry Birds 3D movie. It had experienced losses and job cuts for some time before that. It has also confirmed that there will be a sequel to the successful movie in 2019.

“We are very pleased with the company's strong performance in recent years,” said chairman Mika Ihamuotila said in a statement. “The contemplated IPO and listing will offer new shareholders an opportunity to participate in Rovio's success.”

Investors in Espoo-based Rovio include Accel and Atomico. To date, it has raised more than $40 million in funding.

Share this:
Share on linkedin
Share on facebook
Share on twitter

Get exclusive access to news, data and actionable insights on the European Tech innovation ecosystem(s)

By subscribing to Tech.eu, you gain instant access to curated European technology news, market intelligence and interviews with leading startup founders, investors and more. Sign up now in under a minute to deepen your knowledge on the European Tech innovation ecosystems on a daily basis.