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Angry Birds maker Rovio sets price range for $1 billion IPO

Reuters  |  HELSINKI 

HELSINKI (Reuters) - Finnish mobile games and animation studio Rovio Entertainment Ltd on Friday set the initial price range for its planned IPO which would value the company at around 1 billion dollars.The preliminary price range of 10.25-11.50 euros per share would give Rovio a market value of between 802 million euros and 896 million euros ($955.34 million - $1.07 billion). Rovio's main owner, Trema International, which is owned by Kaj Hed, the uncle of company co-founder Niklas Hed, is expected to keep a 36.6 percent stake after the listing.Trema currently owns 69 percent of Rovio's ...

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First Published: Fri, September 15 2017. 12:27 IST
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