Rovio tips $1 billion IPO

Rovio Mobile, the game developer responsible for the runaway hit Angry Birds, is planning to go public as soon as next year.

Chief marketing officer Peter Vesterbacka has told Bloomberg that the studio is ready to go public “maybe a year from now”.

The company has exploded over the past two years, with the Angry Birds franchise reaching into apparel, soft toys, television shows and films. Vesterbacka says he is happy with the current valuation of $1 billion, but adds “we think it’s probably a bit north of that”.

“We’re insanely profitable,” he said. “We are very, very profitable. We’re not a publicly traded company yet but we can fund our own growth.”