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Angry Birds is targeting a $1 billion IPO

September 15, 2017

Via: CNN

Angry Birds is flying toward a $1 billion valuation.

Rovio Entertainment, the Finnish maker of Angry Birds, is targeting an IPO that would give it a market value of €802 million ($956 million) to €896 million ($1.1 billion).

The stock is expected to start trading on the Nasdaq Helsinki on September 29.

Rovio said it would price shares between €10.25 ($12.20) and €11.50 ($12.30). It hopes the listing will raise roughly €30 million ($36 million).
Trema International, the firm’s largest current shareholder, will reduce its stake from 69% to under 37% as part of the offering.

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