Opera Details Plans for IPO

Opera, the alternative browser company very strong in the wireless market, has released details of its upcoming IPO: it will issue between 12.5-16.1 million new shares in relation to its announced IPO on the Oslo Stock Exchange. In addition, existing shareholders have decided to sell 11,844,900 existing shares in the transaction. The indicative price range is NOK 8.00 and NOK 10.00 per share.

The first day of trading on the OSE is expected to be March 11. The Opera Software shares will be traded under the ticker symbol OPERA.

InfoWorld: Opera aims to raise about 120 million Norwegian kroner (US$17 million), Rolf Assev, executive vice president of marketing and strategic alliances said Thursday. It will use this money to invest in engineering development as it ports Opera to new operating systems, he said.

Comments have been disabled for this post