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Angry Birds maker Rovio says no plays for an IPO in the near future

Rovio, the Finnish firm in the back of the sport and toy phenomenon Indignant Birds, shouldn’t be planning an preliminary public providing any time quickly because it concentrates on managing its quick increase, a senior govt stated.After a world step forward of its smartphone recreation during which avid gamers use a slingshot to assault pigs who steal the birds’ eggs, Rovio stated just a few years in the past that it can go public with the aid of 2013, both in Hong Kong or New York. Then again, Rovio’s advertising chief Peter Vesterbacka advised Reuters the corporate was once in no hurry to boost money. “We haven’t any information on this entrance,” Vesterbacka, carrying a pink Offended Birds hoodie, advised Reuters within the sidelines of a Helsinki startup convention Slush. “An important factor is to kind out tips on how to scale our industry as quick as that you can imagine, and take hold of the entire markets which might be on hand to us.” Rovio has in up to date years improved the Indignant Birds model into an animated TV collection and merchandising of toys and apparel. The corporate has additionally been inquisitive about selling Finland’s early childhood schooling gadget in China. Ultimate year, Rovio’s income doubled to 152 million euros, and running revenue grew sixty four % to seventy seven million euros. Vesterbacka mentioned as many as ninety four % of Chinese language folks understand the colorful Indignant Birds model whereas the ratio in the USA can be over ninety p.c, however he mentioned there was once nonetheless room for boom. Rovio is ready to launch a brand new Indignant Birds automobile sport in December. Its different plans embody an animated 3D movie. “We’re not constructing this for a hundred days however for one hundred years, so that is handiest the very starting. Subsequent year we can be doing greater issues than this year.” © Thomson Reuters 2013