Angry Birds developer plans an IPO for 2013
It seems the company has a bright future -- analysts are valuing it for as much as $9 billion. Rovio also raised $42 million from venture capitalists, including firms such as Accel Partners and Atomico Ventures.
Although an IPO is set for the future, the obvious question is if Rovio will find success where Zynga did not. Zynga's stock, posted at $10 for its initial offering, has experienced a 52-week high of $15.91 and a low of $7.95. Though it raised $1 billion in its IPO, concerns about the mobile games' longevity come into play for investors. If there is any sign of a lull in the gaming industry, Rovio and Zygna's stock will take a significant hit.
Business section: Investing ideas
Does Rovio possess the sustainable value needed to continue its success in games?
Will investors be hesitant to buy Rovio stock based on their observations with Zygna, or will the company beat expectations?
Here's a list of gaming stocks sorted alphabetically.
1. Electronic Arts (NYS: EA) : Develops, markets, publishes, and distributes game software and content for video game consoles, personal computers, mobile phones, tablets and electronic readers, hand held game players, and the Internet. The company has a market cap of $5.01 billion, most recent closing price at $13.96.