ROVIO IPO announcement analysis

https://www.bloomberg.com/news/arti...rovio-plans-ipo-to-fuel-mobile-gaming-revival

Hi, this is barcode here. If you haven't heard ROVIO is selling 400million shares and somehow their company is predicted to be valued at 2billion.

In their own words they need more 'funding' and believed there company has growth potential while quoting 2 more the many angry bird game and the movie...and Battlebay.

To me angry birds series which had an eight year history is an old game and new series is feeding off old player base.

A company who has only dared to attempt 1 new game Battlebay thinks their company had 'growth potential. And even now Battlebay isn't getting enough attention.

I strongly recommand passionate people in the BB community to not buy into this too hastily because you're buying 99% stupid birds that's exploited to the max in the many series. And 1% potential which is BB.

Basically I'm saying the shareholders want out after making their money off angry birds.

If anyone would like to defend or justify their IPO plz leave a comment I'd love to have a read.

Oh my answer for the survey is good because after ROVIO fucks up we can probs buy BB off them and make it community funded. I'll buy 5% if it's a fair price

 

None of these gaming companies ever get a good IPO opening. The last time this happened to a similar game maker was King(makers of Candy Crush), and they opened way below their expected market value. The other was more recent was Kabam (makers of Marvel Contest of Champions) that was hoping for a huge lifeline to their struggling company to find another hit (their IPO was pulled). Then there's Zynga which was expected to open at $7Billion value went completely splat.

Mobile Game company IPOs have historically been bad. The problem is, most of these game companies only have 1 or 2 games in their portfolio that was a hit and it's streaky, aka Billion dollar unicorns, and they haven't been able to repeat that same success. It's hard for investors to buy into the idea that they might release another one, most of the time, these companies looking to IPO are only out to grab capital to save their declining business.

Rovio is a different company however, they are arguably the first big mobile gaming company and have the most outreach (Angry Birds Movie for example, and Toys/Merchandise), and has a long streak of profitability. Let's hope it works out for them.

 

Yup.
Rovio, here I come (depending on market value, PER, public stocks available, etc...) but i might be a shareholder of Rovio soon.
Better hook me up them legendaries, son ! (joking)

 

Yep, that's the key difference between Rovio and other mobile gaming companies. They've branched out into a movie franchise and merchandising. Much of their second quarter growth is based upon their movie and two newly released games. They're selling at a high point. The second movie isn't due to be released until September 2019 and who knows what they have in the works for mobile games. That's a long time to wait. Right now there are too many better options out there. Hard pass.