Rovio has announced that they will not seek an IPO this year. The company is valued at somewhere around $9 billion and is expected to finally go public in New York or Hong Kong.
“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,” said marketing chief Peter Vesterbacka. “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.”
Before the IPO, Rovio is expected to bring Angry Birds to more platforms with more new games. “We had a very successful Christmas — 6.5 million downloads just on Christmas Day,” added Vesterbacka.
Source: Reuters
