Angry Birds Maker Rovio Said To Be Considering 2012 IPO

So maybe IPOs aren’t dead.

Ubiquiti Networks, a wireless networking company out of San Jose, lowered its expected public offering price range today, according to a filing with the Securities and Exchange Commission. It now plans to sell 7 million shares at a price between $15 and $17, down from a range of $20 to $22. But at least it is pressing ahead.

And Rovio Entertainment, maker of the popular mobile game Angry Birds, isn’t put off by the unstable swings of financial markets. Chief Marketing Officer Peter Vesterback told Bloomberg Television that is its angling for an IPO as soon as 2012.

“We’re not ready to file for an IPO tomorrow,” Vesterbacka told the media outlet. “Maybe a year from now.”

Apparently the company believes its estimated $1 billion valuation might be low. “We’re happy with our valuation, but we think it’s probably a bit north of that,” he said.

Rovio is said to be in the process of raising private funding in advance of a filing, according to earlier reports.

Angry Birds is a game designed for mobile phones in which players slingshot birds at pigs inside various structures to destroy them.