Angry Birds creator Rovio to IPO in New York?(arcticstartup.com)
arcticstartup.com
Angry Birds creator Rovio to IPO in New York?
http://www.arcticstartup.com/2011/03/18/rovio-wants-to-ipo-in-new-york
11 comments
"Bounce Evolution" is supposedly the best game available on N900. Although N900 itself was never a successful platform but the game had immersive quality, just like Angry Birds.
[ http://www.rovio.com/index.php?page=bounce-evolution ]
[ http://www.rovio.com/index.php?page=bounce-evolution ]
I think that's why they just took in a ton of cash. They need to make more games and I'm sure resources are already stretched thin. Look at some of the best games in the store though - they all involve puzzles and cute characters. Cut the Rope is another example. Keep using the same formula, vary your puzzle types, and push more stuff out that is updated frequently.
NY seems to be a strange choice for a non-US company, in recent years most international IPOs have been going to London rather than NY due to the immense cost of listing in the US because of SOX.
More than anything this seems like a sign of a bubble, a huge number of games companies are listed in the UK (also Zynga and FB investor DST) so you have analysts and investors who know how to price these sorts of companies.
NY on the other hand has far more unsophisticated buyers (mom & pop investors), if you wanted to push a consumer product company to a price beyond which the financials indicate is sensible, NY would be the place to do it.
More than anything this seems like a sign of a bubble, a huge number of games companies are listed in the UK (also Zynga and FB investor DST) so you have analysts and investors who know how to price these sorts of companies.
NY on the other hand has far more unsophisticated buyers (mom & pop investors), if you wanted to push a consumer product company to a price beyond which the financials indicate is sensible, NY would be the place to do it.
Their CEO also said console games are dying
http://blogs.forbes.com/insertcoin/2011/03/15/angry-birds-ex...
http://blogs.forbes.com/insertcoin/2011/03/15/angry-birds-ex...
there's someone thinking longterm.., but he's so right, one more somewhat successful batch of consoles is all I give them. Time to get disrupted there in the next decade.
and yes, bubblywobblybobbleblobb. But who cares? Majority of today's bubble companies will be or at least could be profitable long before their IPO if they wanted to.
And the bubble signs were there over 2 years ago. Too many companies getting funded. But is it a bad thing? Nope.
and yes, bubblywobblybobbleblobb. But who cares? Majority of today's bubble companies will be or at least could be profitable long before their IPO if they wanted to.
And the bubble signs were there over 2 years ago. Too many companies getting funded. But is it a bad thing? Nope.
Since everyone seems to be foaming at the mouth over the prospect of a facebook/groupon ipo seems like a great time to capitalize.
I didn't expect the quality of IPOs would go down so quickly. If Rovio can find another sucker to pay for their risk, good for them, bad for the sucker.
I dunno. People love Angry Birds. I kinda believe in this team.
Somewhat related recent discovery: If you ever find yourself in the position of needing to entertain a 3 year old who doesn't speak your language, Angry Birds works wonders. The gameplay is so simple and universal that anyone can play it.
Somewhat related recent discovery: If you ever find yourself in the position of needing to entertain a 3 year old who doesn't speak your language, Angry Birds works wonders. The gameplay is so simple and universal that anyone can play it.
Do they have any success apart from Angry Birds? For games company, repeatable success seems to be crucial.