Opera IPO
Wednesday, March 10th, 2004Opera just sent me a press release about their IPO on the Oslo Stock Exchange in Norway. These guys were my first big story back in 1998 - they got me on CBS TV - and they’ve got geek cred up to here. So I’ve always kept an eye on their progress.
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.
