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Angry Birds maker Rovio targets $1bn valuation

From BBC - September 15, 2017

The mobile games developer behind Angry Birds expects to be worth about $1bn when it lists on the stock market.

Rovio has set a range for its share sale that would value the business at between 802m euros and 896m euros ($960m-$1.07bn; 710m-795m).

The Finnish firm's boss, Kati Levoranta, said the listing would help the company expand further.

It is "more than just a gaming company", she said, with sales from film and merchandising as well.

The Finnish firm expects to list on the main part of the Helsinki Nasdaq on 3 October.

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