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
6 hours, 24 minutes ago
PocketGamer.biz Podcast Week in Mobile Games E15 - Star Wars: Hunters finally launches, the West's MOBA problem, and Xbox handheld rumours
News
Jun 7th, 2024
Week in Views - The hunt for the new Star Wars game, Xbox goes handheld, and cats versus monsters…
News
Jun 7th, 2024
Week in Views - The hunt for the new Star Wars game, Xbox goes handheld, and cats versus monsters…
News
Jun 7th, 2024
Metacore's Teppo Soininen: “Anybody who has put a game into soft launch knows there’s still plenty of space for f*ck ups.”
Events
Tribeca Games Festival 2024 | North America | Jun 5th |
Xbox Games Showcase / [Redacted] Direct | Jun 9th | |
PC Gaming Show 2024 | Jun 9th | |
Steam Next Fest: June 2024 Edition | Jun 10th | |
WN Conference Istanbul 2024 | Jun 11th | |
GamesForum Hamburg 2024 | Europe | Jun 11th |
ESI London 2024 | Europe | Jun 13th |
Indie Dev Play 2024 | Europe | Jun 14th |