19 Jan '12, 2pm

Angry Birds creator says IPO needs longer to hatch

The Finnish creator of the global smash-hit Angry Birds computer game will not join the stock market this year but still aims to eventually seek a listing, its marketing chief said on Thursday. -- PHOTO: ROVIO MOBILE HELSINKI (REUTERS) - The Finnish creator of the global smash-hit Angry Birds computer game will not join the stock market this year but still aims to eventually seek a listing, its marketing chief said on Thursday. Angry Birds, in which players use a slingshot to attack pigs that try to steal the birds' eggs, has been downloaded more than 600 million times since its 2009 launch and turned small Finnish gaming firm Rovio into an enterprise valued at up to US$9 billion (S$11.5 billion). Rovio executives had said it would seek an initial public offering (IPO) in New York or Hong Kong. 'We are not in a rush. This year is way too early for an IPO, there are too man...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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