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Rovio Plans To Proceed With IPO And Listing Of Its Shares On Nasdaq Helsinki

Rovio Entertainment Oy, a global games-first entertainment company and creator of the Angry Birds brand, said that it plans to proceed with an initial public offering and a listing of its shares on the official list of Nasdaq Helsinki Ltd.

The contemplated IPO is expected to consist of a secondary share sale by the largest shareholder of the Company, Trema International Holdings B.V., and certain other shareholders.

In addition, the Company is planning a share issue of approximately EUR 30 million in connection with the contemplated IPO. Shares are expected to be offered to private individuals and entities in Finland, Sweden and Denmark, along with institutional investors in Finland and internationally.

The Company, certain members of its management and the existing shareholders selling shares in the IPO would be subject to customary lock-up arrangements.

by RTTNews Staff Writer

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