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The AFP (Agence France Presse) noted that Rovio originally mooted a listing in 2011 on either the New York or Hong Kong exchanges, but that Rovio CFO Mikko Setala has instead stated a 2013 listing date had been “prepared”.
The thing is, Mr Setala was specifically vague on whether it would happen or not, quoting shareholders who were undecided, presumably over whether a listing was actually worth it – especially considering his statements that Rovio was in no need of additional funds “at the moment”.
Although a figure of $7 billion has been mooted, Rovio’s shareholders are likely acutely aware of “Angry Shareholders” – those from Facebook, Zynga and others where the listed price is far higher than the actual price the shares are selling for today.
And, with Rovio having been such a stunning success, with its shareholders already wealthy people, and Rovio raking in the cash from all those downloads – why risk the wrath of “Angry Shareholders” for no particularly good reason, and especially when additional funds are not needed?
Still, an “Angry IPO” that sees an angry explosion of its share price, rather than an angry implosion, is an obviously tempting proposition for the creators of green pigs and variously coloured living balls of feather.
Thus, the IPO is mooted, but there’s no guarantee it will ever happen.
In the meantime, naughty pigs await a feathery death, something far more satisfying to see, rather than the potential of a share price that could, like Facebook and others, take a very angry battering.
