As day follows night, so exit strategy eventually follows first round of investment. Hence, as Angry Birds studio Rovio has just received $42 million in investment, the talk turns to what's next for the company.
The suggestion is the firm is would consider an initial public offering (IPO) in the US within the next five years.
"Our fans are primarily in US, so it's easy for us to bring our brand there," Rovio chairman Kaj Hed told Reuters, adding that the company's listing will likely be made on the Nasdaq exchange before the end of 2016.
Making a nest
The motivation behind talking up the move isn't clear, but makes some sort of sense in terms of providing a plan for current and future investors.
And, as suggested by Hed, the company may well see an IPO as a way of fighting off a potential buyout by rivals; an IPO pricing Rovio higher than most acquirers could reasonably afford.
Of course, whether the level of interest Rovio currently courts will be as high by the time the offering is actually made will depend on its ability to follow up the Angry Birds franchise with something equally lucrative.
[source: Reuters]
News
With a fine eye for detail, Keith Andrew is fuelled by strong coffee, Kylie Minogue and the shapely curve of a san serif font.
Related Articles
Feature
May 28th, 2024
Hot Five: Disney x Fortnite, Sega’s sonic speed, and a potential Keywords Studios buyout
Top Stories
News
May 31st, 2024
Week in Views - Squad Busters goes global, broken app stores, and Hill Climb Racing gets the LEGO treatment
News
May 31st, 2024
Mobile Movers: All the latest appointments and job moves from around the industry
Events
Indie Game Fest & Indie Campus 2024 | Europe | May 31st |
Indie Craft K-Game Festival 2024 | Europe | May 31st |
BostonFig Online 2024 | Jun 1st | |
GameSummit Summer 2024 | Jun 1st | |
Gotland Game Conference 2024 | Nordic | Jun 3rd |
Games Mental Health Summit 2024 | Europe | Jun 3rd |
Dev Play Conference 2024 | Europe | Jun 3rd |
Tribeca Games Festival 2024 | North America | Jun 5th |