Angry Birds maker Rovio plans IPO to fly higher

Helsinki

THE maker of hit mobile phone game Angry Birds is planning an initial public offering to raise around 30 million euros (S$48.3 million) and potentially use its shares to make acquisitions.

Finland's Rovio Entertainment Ltd said on Tuesday that existing shareholders, which include the uncle of the company's co-founder as well as venture capital firms Accel Partners and Atomico, would also sell some shares, though it gave no details.