Angry Birds developer eyes IPO in 3-4 years: report

HELSINKI, FINLAND: Rovio, the developer of the "Angry Birds" mobile game eyes an initial public offering in three to four years, its chief marketing officer was quoting as saying in a Finnish business daily on Monday.

"It is very possible that we will be listed in bourse in three to four years, but we are not in a hurry," Chief Marketing Officer Peter Vesterbacka told Kauppalehti, but did not say where the IPO could take place.

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"We can carry out all of our current plans without bourse listing, but bourse is still a more meaningful direction than, for instance, selling the company."

He said Rovio aimed within three years to become the world's leading entertainment brand. Currently the firm is opening a new office in China and mulls new offices in Japan and the United States.

Vesterbacka estimated Rovio's 2011 sales would be around 50-100 million euros ($69.85-$139.7 million) versus 6.5 million in 2010.