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The Wall Street Journal: Angry Birds-maker Rovio sets pricing for $1 billion IPO

Rovio Entertainment Oy, the company behind the Angry Birds mobile gaming franchise, confirmed Friday the pricing for its initial public offering, which will value the company at about $1 billion.

The Finnish company said it would offer shares within a range of €10.25 ($12.22) to €11.50, giving it a market capitalization of between €802 million and €896 million. The IPO will raise gross proceeds of about €30 million and allow existing shareholders, including majority owner Kaj Hed, the uncle of Rovio co-founder Niklas Hed, to sell shares.

When the company announced plans to float earlier this month, shareholders hoped the IPO would value the company at about €2 billion, people familiar with the matter said at the time.

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