Recently, Opera Ltd, a company that devotes itself to the Internet and open standards, has decided to sell its shares through an Initial Public Offering with the hopes of raising $115 million. A report released by Reuters suggests that the company will be available on the Nasdaq Stock Exchange and will be found under the symbol, “OPRA”.
Opera Ltd was founded in 1995 in Norway. Their main goal has been and continues to revolve around allowing all consumers to browse the web through any device – be it iOS and Android, Windows, and Linux. By diving into a technical analysis brought to us by statcounter.com, Opera has become a favorite among 2.46 percent of Internet users, which is a triumph alone considering giants like Chrome and Internet Explorer.
Since the filing of the IPO with the U.S Security Exchange and Commission (SEC) was made on June 29th, 2018, Opera secured three big investors – one being Bitmain, and the other two remain undisclosed.
Bitmain, Chinese bitcoin miner and creator of ASIC chips, has supposedly invested $50 million in Opera for its shares, with the latter two making $10 million investments. This is an interesting step taken by Bitmain, as the software company is widely known for its billions of revenues across several offices worldwide.
To add this investment to Bitmain’s accomplishments, the bitcoin miner was also supposedly chosen to elect blocks on the EOS blockchain, an endeavor that stressed that only 21 users will be able to validate transactions. Will Bitmain’s choices strengthen its core values?