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Angry Birds maker Rovio valued at 896m euros in IPO

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Finnish mobile games and animation studio Rovio Entertainment priced its initial public offering (IPO) at the top end of the initial price range on Thursday, giving the company a market value of 896 million euros (S$1.43 billion) ahead of its market debut on Friday.

[HELSINKI] Finnish mobile games and animation studio Rovio Entertainment priced its initial public offering (IPO) at the top end of the initial price range on Thursday, giving the company a market value of 896 million euros (S$1.43 billion) ahead of its market debut on Friday.

The price was set at 11.50 euros per share, compared with the initial range of 10.25-11.50 euros, the company said in a statement.

Rovio raised 30 million euros in the offering, with approximately 458 million euros going to its major owners, including Trema International and venture capital firms Accel Partners and Atomico.

REUTERS

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