Angry Birds' Rovio In No Rush For Stock Exchange Listing, Executive Says

wochit business
November 13, 2013 AT 7:15 AM
Rovio, the Finnish company behind the game and toy phenomenon Angry Birds, is not planning an initial public offering any time soon as it concentrates on managing its fast growth, a senior executive said. After a global breakthrough of its smartphone game in which players use a slingshot to attack pigs who steal the birds' eggs, Rovio said a few years ago that it could go public by 2013, either in Hong Kong or New York. Last year, Rovio's revenue doubled to $204 million and operating profit grew 64 percent to $101 million.