Rovio Entertainment Ltd, the software giant behind the popular Angry Birds games on Android, has now reported its market valuation and initial funds raised following the company’s initial public offering (IPO). This follows news from earlier in the month which suggested the company would follow through on plans to take the company public. As to the company’s plans for the gains from the IPO, the company says that those will be used to grow the company, including through initiatives to boost brand recognition and to consolidate its position in the gaming industry. Having the company listed publicly should also aid in that effort, since the move should provide both the brand and the company’s projects with more visibility.
Regarding the specifics of Rovio’s IPO, the company’s shares were set at a price of €11.50 (or…