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Angry Birds creator Rovio ready to go public after strong 2011 earnings

By Shawn Knight
May 8, 2012
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  1. Rovio Entertainment is now set for a stock market listing after posting strong earnings for 2011 that saw sales jump tenfold over the previous year. Some analysts have valued the...

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  2. slh28

    slh28 TechSpot Paladin Posts: 1,925   +170

    That's a price/earnings ratio of almost 200 compared to an industry average of 15... hmmm
    If I were Rovio I would cash out right now, $9bn is twice as much as EA is worth and is pretty insane for a company which only makes a single game.
     
  3. this guy should honestly be in jail, the game angry birds is a stolen idea with a few childish tweaks. go check out the game gunbound which has been out for years. angry birds sucks and is a stolen idea
     
  4. RH00D

    RH00D TS Addict Posts: 412   +106

    I'm pretty sure games based on the concept of "Fling X at YZ" have existed long before Gunbound and even before our games were digital. The only difference is Rovio was able to earn wild success with his implementation of the concept.
     
  5. SNGX1275

    SNGX1275 TS Forces Special Posts: 12,654   +323

    I can't believe they'd even want to go public. There is almost no way they'd do well past the first week.
     
  6. slh28

    slh28 TechSpot Paladin Posts: 1,925   +170

    That's the point - cash out while you're ahead and share the risk with the investors.
     


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