The company did not give a time frame for the IPO, which it said will help it pursue its growth strategy and improve strategic flexibility, while listing will give it access to capital markets and broaden its ownership base. Operationally, the IPO is seen strengthening brand recognition.
In terms of earnings, Rovio nearly doubled its earnings in the second quarter, with revenues rising 94 percent from the year before in the first half.
Looking ahead, the company is guiding for revenues and EBITDA to increase “significantly” this full year compared to the last, with a group operating operating margin of 30 percent. Rovio added that it has adopted a dividend payout ratio of about 30 percent of annual net profit.
At the end of June, Rovio's games had been downloaded more than 3.7 billion times, with an average of 80 million monthly active users during the second quarter. The company is headquartered in Finland and has offices in Sweden, the UK, China and the US.
