Opera updates IPO terms, plans late July debut
Opera updates IPO Browser maker Opera Limited (OPRA) has updated terms for its initial public offering.
The company now plans to offer 9.6M shares in a range of $10-$12/share, meaning a likely raise of $96M-$115M.
It's looking to come public the week of July 23, according to IPO Boutique
Browser maker Opera files for $115M US IPO
Browser maker Opera (OPRA) has filed for a US IPO of up to $115M.
The company wants to list on Nasdaq under the symbol OPRA.
Opera generated $128.9M in operating revenue last year and $6.1M in net income. The company has around 182M MAUs across its mobile browser products and 57.4M MAUs for its desktop browser. The Opera News product has 90.2M users for the browser and standalone app.
Opera makes money through a deal with two search engines (Yandex in Russia and Google everywhere else), ads, and licensing deals. Google and Yandex accounted for 43.2% and 12.9% of operating revenue, respectively.