Ruth David / Bloomberg:
Sources: Angry Birds maker Rovio is planning an IPO as early as next month that could raise about $400M and value the company at about $2B
Rovio is said to plan a share listing as soon as next month
Games maker is searching for growth after Angry Birds success
The angry birds at Rovio Entertainment Oy are set to lay a golden egg for the company’s founders.
The firm is planning an initial public offering as early as next month that could value the maker of the Angry Birds mobile games and movie at about $2 billion, said people familiar with the matter.
The company could raise about $400 million from a local market listing, the people said, asking not to be identified as the details aren’t public. No final decisions have been made and the company could also choose to stay private for longer, they said.
Rovio is listed on the stock exchange – worth up to two billion euros?
Rovio plans to be listed on the stock exchange, says Kauppalehti. According to Rovio’s CEO Kati Levoranta , the company’s past performance suggests growth potential in the future.
Rovio’s annual net sales and EBITDA are expected to grow significantly in 2017 compared with 2016.
Ingrid Lunden / TechCrunch:
Rovio closes flat, at €11.50, on its first day of trading, valuing the company at $1B — Rovio, maker of the Angry Birds gaming franchise, saw a small pop of 4.3 percent in its first day of trading as a public company, but like the very birds that get catapulted in Rovio’s original blockbuster game, the rise was not to last.
Rovio, maker of the Angry Birds gaming franchise, saw a small pop of 4.3 percent in its first day of trading as a public company, but like the very birds that get catapulted in Rovio’s original blockbuster game, the rise was not to last.
The investment magazine estimates: investors are afraid of the fate of Rovio’s repeating mobile gaming companies
The game and entertainment company Rovio’s share, however, remained at EUR 11.50, ie its subscription price level on the Helsinki Stock Exchange.
Barron’s writes Finnish investors to be cautious about Rovio’s listing because they are afraid that Rovio is the same as other mobile gaming companies who have lost their fortunes after their listing. So the values of Glu Mobile and Zynga have fallen as companies are rolling out. The developer King of Candy Crush, a success game, was sold last year to Activision Blizzard below its subscription price.
The article writes how competition in the mobile gaming market is fierce and companies must be able to make games that stand out from the crowd. In addition, they need to have constant revenue from their app, and they must be able to create new hit games. Rovio utilizes Angry Birds characters in movies and games, but according to the release, investors are afraid that “idle” players may one day reject the angry birds.
The Japanese gaming giant’s deal is reportedly worth 706 million euros.
The sale of the Finnish mobile gaming firm Rovio to the Japanese company Sega looks set to go ahead.
Rovio announced on Thursday morning that shareholders holding 96.3 percent of its stock have accepted Sega’s offer. This surpasses Sega’s minimum requirement, which stipulated that shareholders holding at least 90 percent of Rovio shares had to agree on the deal.
Sega announced its intention to buy the company in April this year. The deal is linked to the gaming giant’s interest in developing its own mobile games market.
When initially reported, the bid was worth roughly 706 million euros. Israeli gaming company Playtika also announced their intention to purchase Rovio, but their 683 million proposed buyout did not convince Rovio.
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5 Comments
Tomi Engdahl says:
Ruth David / Bloomberg:
Sources: Angry Birds maker Rovio is planning an IPO as early as next month that could raise about $400M and value the company at about $2B
Angry Birds Set to Lay Golden Egg With $2 Billion IPO Value
https://www.bloomberg.com/news/articles/2017-08-13/angry-bird-maker-rovio-is-said-to-plan-ipo-at-2-billion-value
Rovio is said to plan a share listing as soon as next month
Games maker is searching for growth after Angry Birds success
The angry birds at Rovio Entertainment Oy are set to lay a golden egg for the company’s founders.
The firm is planning an initial public offering as early as next month that could value the maker of the Angry Birds mobile games and movie at about $2 billion, said people familiar with the matter.
The company could raise about $400 million from a local market listing, the people said, asking not to be identified as the details aren’t public. No final decisions have been made and the company could also choose to stay private for longer, they said.
Tomi Engdahl says:
Rovio is listed on the stock exchange – worth up to two billion euros?
Rovio plans to be listed on the stock exchange, says Kauppalehti. According to Rovio’s CEO Kati Levoranta , the company’s past performance suggests growth potential in the future.
Rovio’s annual net sales and EBITDA are expected to grow significantly in 2017 compared with 2016.
Source: http://www.tivi.fi/Kaikki_uutiset/rovio-listautuu-porssiin-arvo-jopa-kaksi-miljardia-euroa-6673843
Tomi Engdahl says:
Ingrid Lunden / TechCrunch:
Rovio closes flat, at €11.50, on its first day of trading, valuing the company at $1B — Rovio, maker of the Angry Birds gaming franchise, saw a small pop of 4.3 percent in its first day of trading as a public company, but like the very birds that get catapulted in Rovio’s original blockbuster game, the rise was not to last.
After a 4% pop, Rovio closes at a lackluster €11.50, level with its IPO price
https://techcrunch.com/2017/09/29/angry-birds-maker-rovio-ipo/
Rovio, maker of the Angry Birds gaming franchise, saw a small pop of 4.3 percent in its first day of trading as a public company, but like the very birds that get catapulted in Rovio’s original blockbuster game, the rise was not to last.
Tomi Engdahl says:
The investment magazine estimates: investors are afraid of the fate of Rovio’s repeating mobile gaming companies
The game and entertainment company Rovio’s share, however, remained at EUR 11.50, ie its subscription price level on the Helsinki Stock Exchange.
Barron’s writes Finnish investors to be cautious about Rovio’s listing because they are afraid that Rovio is the same as other mobile gaming companies who have lost their fortunes after their listing. So the values of Glu Mobile and Zynga have fallen as companies are rolling out. The developer King of Candy Crush, a success game, was sold last year to Activision Blizzard below its subscription price.
The article writes how competition in the mobile gaming market is fierce and companies must be able to make games that stand out from the crowd. In addition, they need to have constant revenue from their app, and they must be able to create new hit games. Rovio utilizes Angry Birds characters in movies and games, but according to the release, investors are afraid that “idle” players may one day reject the angry birds.
Source: http://www.tivi.fi/Kaikki_uutiset/sijoituslehti-arvioi-sijoittajat-pelkaavat-rovion-toistavan-mobiilipeliyhtioiden-kohtalon-6680607
Tomi Engdahl says:
The Japanese gaming giant’s deal is reportedly worth 706 million euros.
Rovio shareholders agree to Sega buyout offer
https://yle.fi/a/74-20044637?fbclid=IwAR3d10q5uVtp1KyO6HO60rTZEP0XSrCnwXrI0EH3D4Fye9Y18PRI1PQkXII
The Japanese gaming giant’s deal is reportedly worth 706 million euros.
The sale of the Finnish mobile gaming firm Rovio to the Japanese company Sega looks set to go ahead.
Rovio announced on Thursday morning that shareholders holding 96.3 percent of its stock have accepted Sega’s offer. This surpasses Sega’s minimum requirement, which stipulated that shareholders holding at least 90 percent of Rovio shares had to agree on the deal.
Sega announced its intention to buy the company in April this year. The deal is linked to the gaming giant’s interest in developing its own mobile games market.
When initially reported, the bid was worth roughly 706 million euros. Israeli gaming company Playtika also announced their intention to purchase Rovio, but their 683 million proposed buyout did not convince Rovio.