Opera Limited, which is leading provider of web browsers and digital content discovery platforms, announced terms for its US IPO on Friday.
The Oslo, Norway-based company plans to raise $106 million by offering 9.6 million shares at a price range of $10 to $12. At the midpoint of the proposed range, Opera Limited would command a fully diluted market value of $1.3 billion.
Opera Limited was founded in 2016 and booked $148 million in revenue for the 12 months ended March 31, 2018. It plans to list on the Nasdaq under the symbol OPRA. CICC and Citi are the joint bookrunners on the deal. No pricing terms were disclosed.
