September 28, 2017 / 1:45 PM / 20 days ago

Angry Birds maker Rovio valued at $1 bln in IPO

HELSINKI, Sept 28 (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.

$1 = 0.8485 euros Reporting by Tuomas Forsell; Editing by Adrian Croft

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