Rovio was previously estimated at €950 million as part of the IPO
On September 29, the Finnish company Rovio Entertainment held a preliminary placement of shares on the Nasdaq Helsinki stock exchange, following which it was valued at €950 million.
Due to the high demand among investors in the framework of the prelisting, the cost of one Rovio share was €11.5.
Rovio plans to raise at least €30 million for the IPO, which will be used to expand the development of mobile games and the acquisition of new studios.
A preliminary IPO is usually conducted among large companies interested in buying a large share of shares.
Rovio shares will be available on the main Nasdaq Helsinki market on October 3.
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