Wednesday, May 18, 2011

Rovio provides an IPO "in two to three years"

Rovio Mobile, creator of blockbuster Angry Birds, is a bet on the stock exchange in New York in two or three years, said Wednesday its chief executive, Niklas Zennstroem. The Finnish company, which experienced meteoric growth from a group of 12 people at one hundred employees in just over a year, expects sales of 50 to 100 million euros in 2011 and "very, very profitable," added the officer, Summit Technology Reuters in Paris.

"In terms of timescale, probably in two to three years is realistic," he said about an IPO of Rovio. Angry Birds game, available in the Apple online store and that of Google and the Internet, has been downloaded 200 million times since its launch in late 2009, said Niklas Zennstroem.

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