Opera Limited (OPRA) Prices 9.6M ADS IPO at $12/ADS

Opera Limited (NASDAQ: OPRA) today announced the pricing of its initial public offering (IPO) of 9,600,000 American Depositary Shares (ADSs), each representing two of the Company's ordinary shares, at a price to the public of $12.00 per ADS.

The ADSs are expected to begin trading on the NASDAQ Global Select Market under the symbol "OPRA" on Friday, July 27, 2018. The closing of the offering is expected to occur on July 31, 2018, subject to the satisfaction of customary closing conditions. Concurrent with the IPO, the Company will also complete a private placement of its $60 million of its shares to certain private investors. In addition, Opera Limited has granted the underwriters a 30-day option to purchase up to an additional 1,440,000 ADSs. China International Capital Corporation Hong Kong Securities Limited and Citigroup Global Markets Inc. are acting as joint book-running managers for the proposed offering. Carnegie AS is acting as a co-manager for the proposed offering.

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