Investing

Angry Birds May Have Hong Kong IPO

Finnish weekly Tekniikka&Talous says Angry Birds may have a Hong Kong IPO next year. The company makes online games which have been particularly popular as app downloads for smartphones like the Apple (NASDAQ: AAPL) iPhone. The IPO would be for parent company Rovio.

The Rovio CEO said he wants to create a company as large as Walt Disney (NYSE: DIS) according to the paper.

Rovio’s marketing chief Peter Vesterbacka said, the paper reports

“That is the target. There is no reason why we should not be able to build a company of that size.  Adding Rovio’s 2011 revenues would be around $100 million, compared with $10 million a year before.”

Reuters reports

Unlike most mobile game crazes, Angry Birds, in which players use a slingshot to attack pigs who steal the birds’ eggs, has stayed atop the charts since it was launched for Apple’s iPhone in 2009.

 

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