Angry Birds brand owner reveals intention to list shares on Nasdaq Helsinki.
Rovio Entertainment has confirmed its intention to proceed with an IPO and a listing of its shares on Nasdaq Helsinki.
In a statement, the company said that the IPO would enable it to pursue its growth strategy as well as improving ‘strategic flexibility’, strengthening brand recognition and increasing its competitiveness.
The listing could also aid in potential acquisitions.
The share issue is being planned for €30 million in connection with the IPO.
Mika Ihamuotila, chairman of Rovio’s board of directors, stated: “We are very pleased with the company’s strong performance in recent years. Management, together with the company’s highly talented personnel, is successfully executing Rovio’s strategy.
“We believe Rovio is well positioned to succeed in the growing mobile gaming market and see a bright future ahead of the company. The contemplated IPO and listing will offer new shareholders an opportunity to participate in Rovio’s success.”
Kati Levoranta, ceo of Rovio, added: “Today, Rovio is stronger than ever and is well positioned in the fast growing mobile gaming market with our diversified games portfolio, proven game development talent and operational excellence as well as our large existing user base.
“I am confident in our games-first strategy. The contemplated IPO and listing are an important milestone in developing Rovio into an even stronger games-first entertainment company.”
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