Rumour: 'Rovio eyes Hong Kong IPO'

Rumour: 'Rovio eyes Hong Kong IPO'
Craig Chapple

By Craig Chapple

December 16th 2011 at 12:41PM

Angry Birds studio wants to be 'as big as Disney'

Finnish studio Rovio is targeting an initial public offering on the Hong Kong stock exchange within the next two years, according to reports.

Finnish newspaper Tekniikka & Talous (via Reuters) has claimed that Angry Birds chief Peter Vesterbacka wants to be as big as Disney, which values its shares at $65.3 billion.

"That is the target. There is no reason why we should not be able to build a company of that size," said Vesterbacka.

He also reportedly said that Rovio’s 2011 revenues would be around $100 million, up on $10 million in the previous year.

Vesterbacka recently told Bloomberg that the App Store games giant could go public on the New York stock exchange in 2012.

Angry Birds was released on iOS in December 2009, and his since then become a global sensation, garnering over half a billion downloads and selling more than ten million Angry Birds toys.