Rovio Entertainment Ltd is gearing up for its upcoming IPO and according to reports the gaming company has set preliminary price range for its $1 billion IPO.
According to the Finnish mobile games and animation studio, the preliminary price range of 10.25-11.50 euros per share has been decided and this 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.