Rovio Sells Animation Unit, Publishing to Startup Led by Ex-CEO – Bloomberg

https://www.bloomberg.com/news/articles/2017-03-07/rovio-sells-animation-unit-publishing-to-startup-led-by-ex-ceo

Changes in Finnish game and entertainment business.

4 Comments

  1. Tomi Engdahl says:

    Ruth David / Bloomberg:
    Sources: Angry Birds maker Rovio is planning an IPO as early as next month that could raise about $400M and value the company at about $2B

    Angry Birds Set to Lay Golden Egg With $2 Billion IPO Value
    https://www.bloomberg.com/news/articles/2017-08-13/angry-bird-maker-rovio-is-said-to-plan-ipo-at-2-billion-value

    Rovio is said to plan a share listing as soon as next month
    Games maker is searching for growth after Angry Birds success

    The angry birds at Rovio Entertainment Oy are set to lay a golden egg for the company’s founders.

    The firm is planning an initial public offering as early as next month that could value the maker of the Angry Birds mobile games and movie at about $2 billion, said people familiar with the matter.

    The company could raise about $400 million from a local market listing, the people said, asking not to be identified as the details aren’t public. No final decisions have been made and the company could also choose to stay private for longer, they said.

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  2. Tomi Engdahl says:

    Rovio is listed on the stock exchange – worth up to two billion euros?

    Rovio plans to be listed on the stock exchange, says Kauppalehti. According to Rovio’s CEO Kati Levoranta , the company’s past performance suggests growth potential in the future.

    Rovio’s annual net sales and EBITDA are expected to grow significantly in 2017 compared with 2016.

    Source: http://www.tivi.fi/Kaikki_uutiset/rovio-listautuu-porssiin-arvo-jopa-kaksi-miljardia-euroa-6673843

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  3. Tomi Engdahl says:

    Ingrid Lunden / TechCrunch:
    Rovio closes flat, at €11.50, on its first day of trading, valuing the company at $1B — Rovio, maker of the Angry Birds gaming franchise, saw a small pop of 4.3 percent in its first day of trading as a public company, but like the very birds that get catapulted in Rovio’s original blockbuster game, the rise was not to last.

    After a 4% pop, Rovio closes at a lackluster €11.50, level with its IPO price
    https://techcrunch.com/2017/09/29/angry-birds-maker-rovio-ipo/

    Rovio, maker of the Angry Birds gaming franchise, saw a small pop of 4.3 percent in its first day of trading as a public company, but like the very birds that get catapulted in Rovio’s original blockbuster game, the rise was not to last.

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  4. Tomi Engdahl says:

    The investment magazine estimates: investors are afraid of the fate of Rovio’s repeating mobile gaming companies

    The game and entertainment company Rovio’s share, however, remained at EUR 11.50, ie its subscription price level on the Helsinki Stock Exchange.

    Barron’s writes Finnish investors to be cautious about Rovio’s listing because they are afraid that Rovio is the same as other mobile gaming companies who have lost their fortunes after their listing. So the values ​​of Glu Mobile and Zynga have fallen as companies are rolling out. The developer King of Candy Crush, a success game, was sold last year to Activision Blizzard below its subscription price.

    The article writes how competition in the mobile gaming market is fierce and companies must be able to make games that stand out from the crowd. In addition, they need to have constant revenue from their app, and they must be able to create new hit games. Rovio utilizes Angry Birds characters in movies and games, but according to the release, investors are afraid that “idle” players may one day reject the angry birds.

    Source: http://www.tivi.fi/Kaikki_uutiset/sijoituslehti-arvioi-sijoittajat-pelkaavat-rovion-toistavan-mobiilipeliyhtioiden-kohtalon-6680607

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