Angry Birds dev Rovio preparing for IPO in 2013

Angry Birds dev Rovio preparing for IPO in 2013
Craig Chapple

By Craig Chapple

August 6th 2012 at 12:21PM

But decision yet to be made on exact date of public offering

Angry Birds developer Rovio has prepared an IPO for the second half of 2013, the studio’s CFO has revealed.

Speaking to Swedish business paper Dagens Industri, Mikko Setälä said that whilst it had plans in place to go public next year, a final decision had not yet been made on exactly when or if it would happen.

“We’ve prepared an IPO for 2013,” he said.

“But the owners have not made a decision on when it will happen, or even if it will happen. If we go public, it will happen during the second half of next year at the earliest. We don’t have a need to bring in more cash right now.”

Setälä refused however to comment on market estimates for the developer should it launch its IPO, with some reports suggesting it could be worth more than seven billion euros.

“That’s purely speculative,” he said.

“We haven’t given out any figures. It would be wrong to do so. We don’t know when and where a stock market listing will take place.”

Directors at Rovio have spoken on numerous occasions about the possibility of going public, with CMO Peter Vesterbacka previously stating in October that it could do so by the end of 2012.