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‘Angry Birds’ Maker Rovio Disappoints With IPO Pricing

Rovio Entertainment Oy, the company behind the “Angry Birds” mobile-gaming franchise, on Friday set the pricing for its initial public offering, valuing the company at about $1 billion—well short of shareholders’ more-optimistic forecasts.

The Finnish company said it would offer shares within a range of €10.25 to €11.50 ($12.26 to $13.76), giving it a market capitalization of between €802 million and €896 million.

The range…

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