Having already raised the possibility of an initial public offering (IPO) within the next five years, Rovio CMO Peter Vesterbacka has suggested such a filing could be made as early as 2012.
What's more, Vesterbacka also claimed market capitalisation may now come in "a bit north" of the estimated $1 billion cited by Bloomberg back in August.
Setting a date
"We're not ready to file for an IPO tomorrow," Vesterbacka told Bloomberg Television. "Maybe a year from now."
He added, "We're happy with our valuation but we think its probably a bit north of that. We're insanely profitable. We're not a publicly traded company yet but we can fund our own growth."
Vesterbacka's comments come seven months after Rovio chairman Kaj Hed told Reuters the Finnish studio was likely to file for an IPO in the US before the end of 2016.
"Our fans are primarily in US, so it's easy for us to bring our brand there."
One billion birdies
Vesterbacka went on to repeat his claim that the studio is looking to be the first entertainment brand with one billion fans.
"The company now has about 150 million active users," he concluded.
Rovio caused controversy earlier in the year when VP Ville Heijari told Eurogamer he considered Rovio's value to be "maybe north of PopCap's" after the Bejeweled studio was acquired by EA for $800 million.
[source: Bloomberg]
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 |
Game Access Conference 2024 | Europe | May 31st |
Indie Craft K-Game Festival 2024 | Europe | May 31st |
Gaymer Pride | North America | Jun 1st |
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 |