Counting Angry Birds before they hatch: dev talks US IPO, analysts need track record

Angry Birds developer Rovio has been on a roll: raking in millions of unit sales, breaking through to the mainstream and recently receiving another $42 million from investors. Now the company is talking about going public on the Nasdaq with an IPO in the next five years.

"At an estimated value of nearly $300 million, it would still be considered a relatively small company," EEDAR's Jesse Divnich explained when we asked about the company's chances. "Gameloft, for example has a current market cap of $344 million (the cost for someone to own every share of the company), this is compared to Activsion which has a market valuation of over $12 billion, and Google at $185 billion. In fact, most large mutual funds typically don't invest in anything with a market cap under $1 billion. If they do,... (Continue Reading...)

Take a peek at Resident Evil: Operation Raccoon City's first round of DLC







The first batch of DLC for Resident Evil: Operation Raccoon City drops next week and, in addition to its inherent freeness, it features explosions, squishy deadish things, and everyone's friendly neighborhood NE-α Type parasite-infused monstrosity, as shown in the trailer... (Continue Reading...)


1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46