Angry Birds maker Rovio valued at $1 billion in IPO
By Reuters | Published: 28th September 2017 07:39 PM |
Last Updated: 28th September 2017 07:39 PM | A+A A- |
An employee walks out an office of Rovio, the company which created the video game Angry Birds. (File Photo | Reuters)
HELSINKI: Finnish mobile games and animation studio Rovio Entertainment Ltd 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 ($1.06 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.
