“Angry Birds maker Rovio Entertainment said sales jumped tenfold to $100 million last year as gamers flocked to download its titles, adding business was now strong enough for a stock market listing,” Tarmo Virki reports for Reuters.
“The Finnish startup making Angry Birds games — in which players use a slingshot to attack pigs who steal the birds’ eggs — has been valued by analysts at up to $9 billion, just short of that of struggling world No.2 phone maker Nokia,” Virki reports. “Rovio said on Monday its finances were good enough for a listing after revealing a highly profitable 2011 in its first public disclosure of business results and forecast a bumper year ahead. Rovio, originally founded in 2003, became a global phenomenon after it launched Angry Birds for Apple’s iPhone in late 2009.”
Virki reports, “At the shareholders meeting on Monday listing plans were not on the agenda, but Rovio has earlier said the company would likely be ready for an initial public offering next year, either in New York or Hong Kong. ‘This company is preparing itself and getting ready,” said Anders Lindeberg, Rovio’s head of investor relations, adding the firm was working on meeting corporate governance requirements.'”
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MacDailyNews Take: The gift of Apple Inc. just keeps on giving.