Angry Birds creator Rovio sets 2-3 year goal for IPO

Gaming

Rovio Mobile, the firm behind the hit game Angry Birds, has set a goal to seek an initial public offering (IPO) sometime during the next 2-3 years, Reuters is reporting. The firm raised $42 million in Series A funding earlier this year, and its Angry Birds franchise has spread across multiple platforms including Android, iOS, webOS — and you can even play it in your web browser. As such, Rovio has increased its staff from 12 employees to 100 employees this year. “I see that this is only beneficial for us in terms of making the company more structured and more focused on creating it into a proper large organization, having grown from a company of 12,” Rovio’s CEO Mikael Hed said during the Reuters Global Technology Summit in Paris. In May, Rovio’s board chairman expressed interest in seeking an IPO in New York.

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12 Comments
  • http://twitter.com/SenorDickhaus Señor Dickhäus

     And just like that, Angry Birds will cease to be fun…

  • Anonymous

    That seems like a very long wait.

  • Anonymous

    Anyone that banks on a single game, plunks money into this and buys stock in it, needs their head examined.

    • Anonymous

      Wow that’s a lot of heads that need ti be examined.

      • Anonymous

        You might want to look up “dot com bubble” on Google.

  • Anonymous

     there will be hundreds of angry birds clones in 2-3 years by then no one will care

  • Anonymous

     I wonder if they intend to continue making the same game for the next 2-3 years?

  • Prof. Peabody

    IPO in three years?  I think it might take them longer than that to think up another game.  These guys are in danger of having their pictures in the wiki under “one hit wonder.” 

  • http://twitter.com/stevensteve steven

     WTF, the game isn’t even that fun.

  • Anonymous

    I feel bad for people who invested in series a bond for This company.

    They will be out of business in few years..

  • http://www.facebook.com/Iamsteezze Adebola Hakeem Adeyemi-Steeze

     I believe they need to make more games instead of depending on just the angry birds label. they already have the good name, so they can also use that to their advantage. People know Rovio now and they associate them with nice games. they should think well before they get punked by another game dev.

  • http://ocentertainment.net ocentertainment

     I do hope that at some point in those 2-3 years they make a new bloody game.

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