You Can Own Part Of Angry Birds Dev Rovio (Eventually)

You Can Own Part Of Angry Birds Dev Rovio (Eventually)

image

Angry Birds developer Rovio isn't going to put itself on the stock market yet, but it's definitely got plans to do so.

It's no secret that developer Rovio is sitting on a gold mine thanks to Angry Birds, both in terms of App purchases and merchandise sales. Early speculation valued the company just a little bit north of $9 billion, but the company has decided to forego raising this cash via an IPO - at least, for now. That said, you, too, could still own some stock in the company, but it probably won't be for a while.

Speaking to Reuters, Rovio's head of marketing Peter Vesterbacka explained that - while the studio does want to be listed on both New York and Hong Kong stock exchanges - an IPO isn't in the cards quite yet:

"We are not in a rush. This year is way too early for an IPO, there are too many open things, and we are in a very early stage of the Angry Birds lifecycle.

"Hong Kong is very interesting, absolutely, but again it is totally dependent on how markets develop. Asia is where all the people are, and future growth."

Angry Birds has been reportedly downloaded for mobile devices over 600 million times, and it's nearly impossible to walk into a major retailer these days without running into a display of licensed plush toys. It was expected that that Rovio would seek an IPO during the 2011 holiday season, but nothing happened. Speculation has noted that other tech groups - like Zynga and Groupon - have had unimpressive IPO launches, which may have caused Rovio to wait a little while before it decided to get itself listed.

That comment how we're still in the early stages of the Angry Birds life cycle is rather interesting. Rovio's already got tons of tie-in merchandise for sale and an animated movie in the works, so I wonder what else is planned.

Source: Reuters via Industry Gamers

Permalink

animated movie in the works, so I wonder what else is planned.

somehow i dont think the world is ready for angry birds the movie.

wait... that begs the question, why is there an angry birds movie coming out.

ehm anyways... i admitedly know jack all about stocks, so im not really one talk here, but isnt it a good idea to do this while the going is good, you cant possible expect the movie to be a success now can we, and do you really expect this angry brids boom to last for a long time

you'd be a fool to invest in rovio I think

....
....
...
....
....
....
RAGGA FLAGGA WHAT THE F-ING CHRIST MAN, 9 BILLION DOLLARS, ANGRY BIRDS, ARE YOU TRYING TO TELL ME THAT GAME, THAT SIMPLE HALF ASSED LITTLE GAME, MADE 9 BILLION DOLLARS!? WHAT ZEE WHIPPIDY ZIMBAM DOODILY DOO IS THIS HORSE LEGGIN' PIECE OF WHAT THE HAY!?

Okay. I'm done.
But seriously, THAT game made 9 billion friggin' dollars, for being simply "These birds hate pigs, launch these birds into pigs, touch the screen to ruin a pigs life"? ANd it's getting an animated friggin' movie!?

*Sigh* ...If you need me, I'll be in the chamber of understanding.

zidine100:

animated movie in the works, so I wonder what else is planned.

somehow i dont think the world is ready for angry birds the movie.

wait... that begs the question, why is there an angry birds movie coming out.

ehm anyways... i admitedly know jack all about stocks, so im not really one talk here, but isnt it a good idea to do this while the going is good, you cant possible expect the movie to be a success now can we, and do you really expect this angry brids boom to last for a long time

Its being made by Micheal Bay

It looks hilarious.

As much as I like Angry Birds, I don't know how to feel about a movie. The game itself barely has a plot at all. Although I do like the animated shorts.

Just please let this fad die. Please.

 

Reply to Thread

Log in or Register to Comment
Have an account? Login below:
With Facebook:Login With Facebook
or
Username:  
Password:  
  
Not registered? To sign up for an account with The Escapist:
Register With Facebook
Register With Facebook
or
Register for a free account here