Angry Birds maker Rovio sets IPO price range that values company around $1 billion

Finland’s Rovio announced today a price range for its initial public offering of stock that would value the company between $956 million and $1.07 billion.

The company said it will issue $36 million worth of new stock at a price range between $10.23 per share and $13.72 per share. Rovio has said it plans to use the money to expand its mobile gaming business and make acquisitions, though it did not specify exactly how many new shares it would make available.