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]
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With a fine eye for detail, Keith Andrew is fuelled by strong coffee, Kylie Minogue and the shapely curve of a san serif font.
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