Angry Birds May Have Hong Kong IPO

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By Douglas A. McIntyre Published
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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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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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