Reuters logo
Angry Birds maker Rovio sets price range for $1 bln IPO
September 15, 2017 / 6:57 AM / 2 months ago

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

HELSINKI, Sept 15 (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 shares.

Rovio said it expects to start trading on Helsinki bourse’s pre-list on September 29 and on the main list on October 3.

$1 = 0.8395 euros Reporting by Tuomas Forsell; editing by Jason Neely

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below