Opera press releases
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 endorsement from the marketplace that Opera's technology is playing a significant role in the evolution of the Internet."
About Opera Software ASA
Opera Software ASA is an industry leader in the development of Web browser technology, targeting the desktop, mobile, PDA, home media and vertical markets. Partners include companies such as IBM, Nokia, Sony, Motorola, Adobe, Macromedia, Symbian, Sony Ericsson, Kyocera, Sharp, Motorola Metroworks, MontaVista Software, BenQ, Sendo and AMD. The Opera browser has received international recognition from users, industry experts and media for being faster, smaller and more standards-compliant than other browsers.
Opera's browser technology is cross-platform and modular, and currently available on the following operating systems: Windows, Windows Mobile, Linux, Mac OS, Symbian OS, BREW, QNX, TRON, FreeBSD, Solaris and Mediahighway. The Opera browser is also available as a Java-based (J2ME) browser solution called Opera Mini™ for the world's 700 million Java-enabled mobile phones.
Opera Software ASA is headquartered in Oslo, Norway, with development centers in Linkoping and Gothenburg, Sweden. The company is listed on the Oslo Stock Exchange under the ticker symbol OPERA. Learn more about Opera at www.opera.com.
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