Angry Birds Developer Looking For IPO
We all know how successful the Angry Birds multi-platform mobile game has become since it was first unleashed on the mobile space, but could Angry Birds make Rovio Mobile a public company, apparently they think it can.
According to an article over on MSN Money and by way of Reuters, the developer of Angry Birds has their eyes on an initial public offering (IPO) targeted for within 3 to 4 years, with Rovio’s chief marketing officer Peter Vesterbacka saying, “It is very possible that we will be listed in bourse in three to four years, but we are not in a hurry.”
Vesterbacka went on to add, We can carry out all of our current plans without bourse listing, but bourse is still a more meaningful direction than, for instance, selling the company.”
Rovio Mobile’s Angry Birds game is one of the most popular games available on Android, iOS, Symbian and others and hit a staggering 140 million downloads back in April.
Vesterbacka confirmed to Reuters that thee company’s sales would be in the region of €50 million to €100 million for 2011, which is roughly $72 million to $143 million, when compared with 2010 sales of €6.5 million which is about $9.3 million.
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In my opinion, Rovio should start its IPO as soon as possible. They are just relying their whole business in Angry Birds and no one can tell until when this video game will last. Strike while the iron is hot, until investors are still interested because they might never make another video game as successful as this one.