Rovio Entertainment Oy, the creator of Angry Birds, confirmed Tuesday, Sept. 5, that it is planning an initial public offering in Finland.

The Espoo, Finland-based company plans to offer a share issue of approximately €30 million ($35.6 million) and a secondary sale by its largest shareholder Trema International Holdings, and certain other shareholders on Nasdaq Helsinki. The offering could value the games maker at about $2 billion, Bloomberg reported.

Shares are expected to be offered to private individuals and entities in Finland, Sweden and Denmark, along with institutional investors in Finland and internationally.

Rovio's operations are divided into two the Games and Brand Licensing units with the games business unit accounting for 79% of Rovio's revenue for the 12 months ended June 30, 2017.

"Through our games-first strategy, we have strengthened our games portfolio and improved the key performance indicators," CEO Kati Levoranta said in a statement. "I am confident in our games-first strategy. The contemplated IPO and listing are an important milestone in developing Rovio into an even stronger games-first entertainment company."

The planned IPO would enable the company to pursue its growth strategy and improve strategic flexibility, the company said, adding that it will also strengthen Rovio's brand recognition and competitiveness.

"The potential listing would also enable Rovio to use its shares more effectively as a means of consideration in potential acquisitions and remuneration of personnel," the company said.

The company is targeting a dividend payout ratio of approximately 30%

Rovio launched Angry Birds as a mobile game in 2009 and it is now one of the most recognized brands in the world, the company said. The company now offers multiple mobile games, and has produced The Angry Birds Movie, which opened number one in theatres in 50 countries, and licenses the Angry Birds brand to consumer products and other entertainment content.

Rovio's games had been downloaded more than 3.7 billion times as of the end of June 2017, and they had on average 80 million monthly active users during the second quarter of 2017.

Carnegie Investment Bank AB, Finland Branch and Danske Bank A/S, Helsinki Branch are acting as joint global coordinators. Deutsche Bank AG and OP Corporate Bank plc are acting as joint bookrunners. Roschier, Attorneys Ltd. and Freshfields Bruckhaus Deringer LLP are acting as legal advisers to the Company. White & Case LLP is acting as a legal adviser to the joint bookrunners and global coordinators.

More of What's Trending on TheStreet: