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Investing

Angry Birds and Rovio IPO… Heaven (or Hell) Can Wait

Photo of Jon C. Ogg
By Jon C. Ogg Published

If you have been following the world of video games, social media, smartphones, and the new tablet computing craze, chances are high that you have run across Angry Birds.  If you follow the world of high finance, chances are high that you know of a potential initial public offering by Rovio, maker of Angry Birds.

The Finnish company was not in our TOP 17 IPOs TO WATCH IN 2012 but it was noted with an honorable mention.  The problem is that the company was never committed to a 2012 drop-date for an IPO.  Now it appears that the company is going to be looking out to 2013 for its IPO.

Reuters noted that the video game creator is still planning to come public.  Since the 2009 launch it has seen more than 600 million downloads.  These can be bought or they can be had for free with advertisements.  The enterprise value today is supposedly $9 billion.

The full Reuters article is here.

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Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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