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Angry Birds Shooting for IPO

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THIS LITTLE BIRDIE WENT TO MARKET
DailyFeed
Like a cross between an Orwellian proverb and a Dr. Seuss tale, these Angry Birds are headed to market.

After shaking up $42 million in a Series A financing round, Rovio -- the Finnish developer behind the smash hit Angry Birds -- claims to be seeking an initial public offering in New York. Although plans are underway, "The timing and details," Rovio said in a statement, "are still open."

With 40 million active users, 75 million paid and ad-supported downloads, and 2 million plush dolls sold, there is fervent interest in the Finnish company. And with the backing of venture capital firms Accel Partners and Atomico Ventures, managing an IPO won't be too difficult.

Much like the game, it's all a matter of aim, direction, and momentum.

(See also: Angry Birds Creators Hit $42 Million Jackpot and Angry Birds Makers Building a Super Mario Empire)
POSITION:  No positions in stocks mentioned.

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