Angry Birds are headed for Wall Street

angry birds

In a recent statement, the company behind Angry Birds, Rovio, announced its intentions to seek an initial public offering on the New York Stock exchange.

The Finnish development studio has leaped from obscurity to gamous success with the over 100 million downloads of their quirky slingshot title Angry Birds. The game has reportedly netted Rovio $70 million in App store sales, ad sales, and merchandising, and a recently revealed investment round amounting to $42 million dollars puts the company in a prime position to become publicly traded.

The IPO would make Rovio one of the few European digital-only developers to trade on the NYSE, and perhaps even more rare, one of the only mobile developers to be publicly traded.

"The investment will transform Rovio’s growth," claims a statement from the game maker, "allowing it to increase its reach internationally, and across markets including mobile, social media and other platforms, and via merchandising and media production and partnerships."

The small Finnish team is paving the way for other mobile developers to enter into the world of high finance, yet there is no word from the company yet as to their next project. Rovio confirms, however, that they intend to continue to support the Angry Birds brand.


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Author: Dan Crabtree View all posts by
Dan is Managing Editor for GamerNode and a freelance gaming writer. His dog is pretty great. Check him out on Twitter @DanRCrabtree.

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