Rovio’s marketing director Peter Vesterbacka spoke with newspaper Tekniikka&Talous. In the article he mentioned very high goals which the Finnish computer game maker best known for Angry Birds aims to reach (some might say even delusional goals, but at this point you cannot argue with success). According to Vesterbacka Angry Birds sales shall grow tenfold every year, with 50% profit margins, and the game will sell tens of billion of dollars every year. The eventual goal for the company is to reach Disney’s market cap of 60 billion Euros.
Rovio was identified by Goldman Sachsas one of the most potential IPO candidates recently. According to Techcrunch the company officials attended Goldman Sachs’ Private Internet Company Conference in Las Vegas at the end November. Tekniikka&Talous report says Rovio is likely to list in Hong Kong stock exchange in 2013 and is estimated to be valued in between 2-7 billion Euros. Soon to be Nasdaq listed Zynga Inc, which according to NY Times tried to acquire Rovio for 2.25 billion $ in cash and stock earlier this year, priced its initial public offering at the higher end of expected range yesterday afternoon and is expected to net 1 billion, valuing the company at close to 7 billion USD.
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