IPO WATCH- Angry birds is set for potential USD 2 bn IPO — will it fly? Rovio Entertainment, makers of Angry Birds, is looking to IPO soon and could see a valuation of USD 2 bn, Bloomberg reports. The Finnish firm could raise roughly USD 400 mn from a local market listing, but details so far are scarce. While tech and software firms have been the toast of markets, mobile gaming is a different animal: Most find success difficult to replicate, and the sector averages 18% off IPO prices for those who have ventured there. Rovio could prove different as they have had success with the Angry Birds movie and could use proceeds for a sequel. We aren’t excited about this one — a firm with an IPO of that size needs many more cards in its deck if it has legs to go.

Tags: