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Rovio aiming for Hong Kong IPO in 2013

Angry Birds dev believes it can be as big as Disney

Angry Birds developer Rovio is planning an initial public offering on the Hong Kong stock exchange in 2013.

According to a report on Reuters, the company's chief marketing officer, Peter Vesterbacka, told Finnish publication Tekniikka&Talous that its IPO would be issued in Hong Kong, with a listing on the New York Stock Exchange to follow two or three years later.

Rovio plans to launch 5 or 6 new games based on the Angry Birds IP next year, and Vesterbacka stated his belief that, in the long-term, the company could grow to the size of the Walt Disney Corporation.

"That is the target," he said. "There is no reason why we should not be able to build a company of that size."

Vesterbacka also revealed that the company's revenues in 2011 would be around $100 million, a vast improvement over the $10 million earned in 2010.

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Matthew Handrahan avatar
Matthew Handrahan: Matthew Handrahan joined GamesIndustry in 2011, bringing long-form feature-writing experience to the team as well as a deep understanding of the video game development business. He previously spent more than five years at award-winning magazine gamesTM.
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