The Finnish company Rovio has planned an IPO in early September this year, which will allow it to raise $ 400 million. The capitalization of Rovio, according to preliminary estimates, will be $ 2 billion, Bloomberg business magazine reports, citing sources inside the studio.
The publication suggests that the proceeds from the IPO can help the company finance the full-length cartoon Angry Birds Movie 2, which will be released in 2019. The first part of the Angry Birds Movie grossed about $350 million.
Rovio representatives declined to comment on information about the IPO plans.
Speculation in the press about the possible exit of Rovio to the stock exchange has been going on for more than 5 years. The last time the Finnish studio answered such a question was in June of this year, telling The New York Times that “entering the stock exchange may become possible in the future to support the strong growth of Rovio and the achievement of our strategic goals. However, Rovio and its owners have not made any decisions regarding a possible IPO.”
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