The company behind the popular Angry Birds games, Rovio Entertainment Oy is apparently planning an IPO.
The news comes in a report from Bloomberg and the IPO would give Rovio a value of around $2 billion, they will apparently raise $400 million from the IPO.
Rovio are apparently intending a local market listing for their IPO, the company is based in Finland. I n 2016 they saw their revenue increase by around 34 percent t0 $225 million.
The company released their Angry Birds movie in 2016 and this helped them increase their revenue and game sales.
Rovio have yet to confirm that they have an IPO planned, this is something that they have discussed in the past but only as a possibility. If the report from Bloomberg is correct then the IPO could possibly take place some time next month.
Source BloombergFiled Under: Technology News, Top News