Angry Birds Developer Wants an IPO

Posted 03/18/2011 at 8:02am | by Paul Lilly

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With different sprites and sound effects, Angry Birds could just have easily been called Cash Cow, because that's exactly what it is. We're not hatin', mind you; Angry Birds is hella fun and we wish developer Rovio all the success in the world. Some of that success has already come, with plush dolls and an animated series in the works, but if Rovio goes public like it wants to, the money made so far would seem like chump change.

"We're aiming to be as large as Facebook or Google," Rovio Board Chairman Kaj Hed told a Finnish business magazine.

That seems hard to fathom, and Rovio's probably setting its sights a bit too high, but there's no doubt an IPO could rake in the cash. Rovio just completed a $42 million round of funding and is now valued at around $281 million. Not bad for company best known for a simple, yet hightly addictive casual game.