Norway's Opera Ltd files for U.S. IPO
29/06/2018 23:48
June 29 (Reuters) - Norway-based web browser Opera Ltd filed
for an initial public offering with the U.S. Securities and
Exchange Commission on Friday.
The company, which makes web browsers for mobile phones and
PCs, intends to raise up to $115 million in the IPO, though the
amount in the first filing is usually a placeholder. http://bit.ly/2tNpKog
Opera Ltd has applied to list its American Depositary Shares
on the Nasdaq stock exchange under the symbol "OPRA".
Opera, which was owned by Norwegian software firm Otello
Corp ASA OTELLO.OL was sold, along with Otello's privacy and
performance applications to a consortium of Chinese investors in
2016. Otello, then called Opera Software ASA, later changed its
name and trading symbol on the Oslo Bourse. urn:newsml:reuters.com:*:nL8N1OI323
CICC and Citigroup Inc C.N are the underwriters to the
IPO.
(Reporting By Abinaya Vijayaraghavan in Bengaluru; Editing by
David Gregorio)
((abinaya.vijayaraghavan@thomsonreuters.com; within U.S.+1 646
223 8780; outside U.S. +91 80 6749 2733; Reuters Messaging:
abinaya.vijayaraghavan.thomsonreuters.com@reuters.net))