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Angry Birds Creator Rovio Eyes $1B IPO in 2012

Great game, but the valuation on this company makes no sense.  Granted, the derive revenues from in-game purchases, however much of the demand for this game is driven by its “pop-culture” popularity.  These revenues are probably not sustainable.  It feels like 1999 all over again…#TechBoom 2.0

Angry Birds Creator Rovio Eyes $1B IPO in 2012
Angry Birds creator Rovio Entertainment may go public as soon as next year and is worth around $1 billion, according to Rovio’s chief marketing officer. Peter Vesterbacka, Rovio CMO, told Bloomberg Television that the company will launch an IPO “maybe a year from now.” Vesterbacka also said…

  1. carlinsolutions posted this