Rovio Archives - Citi 97.3 FM - Relevant Radio. Always https://citifmonline.com/tag/rovio/ Ghana News | Ghana Politics | Ghana Soccer | Ghana Showbiz Fri, 10 Nov 2017 11:23:26 +0000 en-US hourly 1 https://wordpress.org/?v=6.0.8 https://citifmonline.com/wp-content/uploads/2019/05/cropped-CITI-973-FM-32x32.jpg Rovio Archives - Citi 97.3 FM - Relevant Radio. Always https://citifmonline.com/tag/rovio/ 32 32 Angry Birds maker Rovio sets price range for $1 billion IPO https://citifmonline.com/2017/09/angry-birds-maker-rovio-sets-price-range-for-1-billion-ipo/ Fri, 15 Sep 2017 10:30:31 +0000 http://citifmonline.com/?p=353727 Finnish mobile games and animation studio Rovio Entertainment Ltd on Friday set the initial price range for its planned IPO which would value the company at around 1 billion dollars. The preliminary price range of 10.25-11.50 euros per share would give Rovio a market value of between 802 million euros and 896 million euros ($955.34 […]

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]]> Finnish mobile games and animation studio Rovio Entertainment Ltd on Friday set the initial price range for its planned IPO which would value the company at around 1 billion dollars.

The preliminary price range of 10.25-11.50 euros per share would give Rovio a market value of between 802 million euros and 896 million euros ($955.34 million – $1.07 billion).

Rovio’s main owner, Trema International, which is owned by Kaj Hed, the uncle of company co-founder Niklas Hed, is expected to keep a 36.6 percent stake after the listing.

Trema currently owns 69 percent of Rovio’s shares.

Rovio said it expects to start trading on Helsinki bourse’s pre-list on September 29 and on the main list on October 3.

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Source: Reuters

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