Angry Birds maker Rovio valued at $1 billion in IPO

Reuters News
Posted: Sep 28, 2017 9:53 AM

HELSINKI (Reuters) - Finnish mobile games and animation studio Rovio Entertainment Ltd priced its initial public offering (IPO) at the top end of the initial price range on Thursday, giving the company a market value of 896 million euros ($1.06 billion) ahead of its market debut on Friday.

The price was set at 11.50 euros per share, compared with the initial range of 10.25-11.50 euros, the company said in a statement.

Rovio raised 30 million euros in the offering, with approximately 458 million euros going to its major owners, including Trema International and venture capital firms Accel Partners and Atomico.

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(Reporting by Tuomas Forsell; Editing by Adrian Croft)