Opera Software Completes IPO, Ready for Listing.
Oslo, Norway - March 10, 2004
Opera Software ASA has successfully completed an issue of shares in connection with the company's listing on the Oslo Stock Exchange (OSE).The company will be listed on OSE starting Thursday, March 11 with the ticker symbol OPERA.
Opera sought to issue between 10 and 12,5 million shares in the IPO, and indicated a price range between NOK 8 to NOK 10 per share. The price per share has now been set at NOK 10. 560 million shares were subscribed for at this price, implying that the IPO was oversubscribed by a factor of more than 20. Around 83 percent of the subscriptions are from international institutional investors.
In connection with the IPO there has also been a secondary sale from existing stock holders of 11,844,900 shares. Totally the transaction constituted MNOK 243.
"We are pleased with the interest from investors, especially from abroad," says Christian Thommessen, Chairman of the Board, Opera Software ASA. "The interest in our IPO and listing is an endorsementfrom the marketplace that Opera's technology is playing a significant role in the evolution of the Internet."
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Opera enables more than 350 million internet consumers worldwide to connect with the content and services that matter most to them. Opera also helps publishers monetize their content through advertising and advertisers reach the audiences that build value for their businesses, capitalizing on a global consumer audience reach that exceeds 1 billion.
Opera is a trademark of Opera Software AS.