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Screencap of Rovio's popular iPhone Game Angry Birds. The Finland-based company is aiming for a stock market listing in New York in two to three years, its chief executive told Reuters. (Andrew Currie/Flickr Creative Commons)
Screencap of Rovio's popular iPhone Game Angry Birds. The Finland-based company is aiming for a stock market listing in New York in two to three years, its chief executive told Reuters. (Andrew Currie/Flickr Creative Commons)

IPO

'Angry Birds' maker aims for IPO Add to ...



Rovio Mobile Ltd., creator of hit iPhone game Angry Birds, is aiming for a stock market listing in New York in two to three years, its chief executive told Reuters.

The Finnish company, which has grown from 12 to 100 people in just over a year, raised $42-million (U.S.) from investors led by Accel Partners in March and named Skype co-founder Niklas Zennstroem to its board.

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"In terms of time line, probably two years, two to three years down the line is realistic," CEO Mikael Hed told the Reuters Global Technology Summit in Paris on Wednesday.

"I see that this is only beneficial for us in terms of making the company more structured and more focused on creating it into a proper large organization, having grown from a company of 12," he said.

Mr. Hed added that Rovio expected to make revenue of €50 to €100-million ($72 to $143-million U.S.) this year and said the company was "very, very profitable."

 

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