{"id":4610,"date":"2018-07-20T10:24:07","date_gmt":"2018-07-20T14:24:07","guid":{"rendered":"http:\/\/www.ipoboutique.com\/blog\/?p=4610"},"modified":"2018-07-20T10:24:07","modified_gmt":"2018-07-20T14:24:07","slug":"opera-limited-ipo-preview-opra","status":"publish","type":"post","link":"https:\/\/www.ipoboutique.com\/blog\/opera-limited-ipo-preview-opra\/","title":{"rendered":"Opera Limited #IPO Preview $OPRA"},"content":{"rendered":"

\"OPRA\"<\/a><\/p>\n

Company: Opera Limited
\nSymbol: OPRA
\nDescription: They are one of the world’s leading browser providers and an influential player in the field of integrated AI-driven digital content discovery and recommendation platforms.
\nTrade Date: 7\/27
\nShares: 9 million
\nPrice Range: $10.00-$12.00
\nUnderwriter(s): CICC, Citigroup
\nTerms Added: 7-13-18<\/p>\n

Link to Prospectus<\/a><\/strong><\/p>\n

Link to Retail Roadshow<\/a><\/strong><\/p>\n

Business<\/strong>:\u00a0Given the growing importance of online content consumption, they believe that the future of digital content discovery is one where consumers will enjoy highly personalized experiences enabled by AI algorithms and big data. With a long and proven track record of innovation in both core performance and functionality, and an established global brand, they served 321.7 million average MAUs in the three months ended March 31, 2018, of which 239.4 million were smartphone and PC users compared to 202.6 million smartphone and PC users during the same period in 2017.<\/p>\n

They believe consumers opt to use their browsers because they provide a better-targeted solution. Their browsers are all available globally, while users in Africa and Asia are attracted to their mobile browsers because of their efficient design and usability, and users across North America and Europe choose their PC browsers because of their unique features. Their mobile browsers, with a global user base of 264.3 million average MAUs in the three months ended March 31, 2018, of which 182.0 million were smartphone users, compared to 160.0 million smartphone users in the same period in 2017, are among the market leaders in high growth regions such as South Asia, Southeast Asia and Africa in terms of market share, according to StatCounter. Their PC browsers, available for both Windows and macOS platforms, also had a substantial user base of 57.4\u00a0million average MAUs in the three months ended March 31, 2018, compared to 42.6 million during the same period in 2017.<\/p>\n

Financials:\u00a0<\/strong>Driven by the rapid adoption of their modern mobile applications, they have experienced strong revenue growth. During 2017, they recorded US$128.9\u00a0million in operating revenue, up by 20.1% from US$107.3\u00a0million in operating revenue on a pro\u00a0forma consolidated basis during 2016. During the three months ended March 31, 2018, they recorded US$39.4 million in operating revenue, up by 54.8% from US$25.5 million for the same period in 2017. They had a net loss of US$12.7 million in 2016 on a pro forma consolidated basis and had net income of US$6.1 million in 2017. They had net income of US$6.6 million in the three months ended March 31, 2018 and had a net loss of US$0.2 million for the same period in 2017. Their adjusted net loss was US$9.2 million in 2016 on a pro forma consolidated basis and they had an adjusted net income of US$17.8 million in 2017. Their adjusted net income was US$0.8 million and US$9.9 million in the three months ended March\u00a031, 2017 and 2018, respectively.<\/p>\n

\"OPRA.Financials\"<\/a><\/p>\n

Book-Building Status<\/strong>: The way the book comes together during the week of the roadshow is the most critical indicator to first-day and first-week performance. IPO Boutique uses its 45 years of experience and sources all over the street to gather daily subscription levels, specific price guidance and what type of investors are currently in the book or are anchoring orders in the book. In addition, recent underwriter performance on sector specific deals is a strong factor that IPO Boutique takes into account when determining if our clients should indicate for any offering.<\/p>\n

IPO Boutique subscription clients receive daily updates on this critical information.<\/span><\/a><\/p>\n

Conclusion<\/strong>: IPO Boutique provides ratings, daily commentary and a forecast for how this IPO will open vs. its offering price. We have kept a\u00a0track record<\/span><\/a>\u00a0with our performance for last 12 years at our website. Additionally, here’s a 2017 recap of our performance<\/a>\u00a0to showcase the value of IPO Boutique’s service.<\/p>\n

Indicate with confidence,\u00a0<\/b>SUBSCRIBE<\/b><\/a>\u00a0today.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

Company: Opera Limited Symbol: OPRA Description: They are one of the world’s leading browser providers and an influential player in the field of integrated AI-driven digital content discovery and recommendation platforms. Trade Date: 7\/27 Shares: 9 million Price Range: $10.00-$12.00 Underwriter(s): CICC, Citigroup Terms Added: 7-13-18 Link to Prospectus Link to Retail Roadshow Business:\u00a0Given the[…]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"zakra_general_container_width":0,"zakra_general_content_width":0,"zakra_general_sidebar_width":0,"zakra_sticky_header":"customizer","zakra_header_main_area":true,"zakra_site_logo_width":0,"zakra_header_top_enabled":"customizer","zakra_header_top_style":"customizer","zakra_primary_menu_item_style":"customizer","zakra_page_header_text_color":"","zakra_page_header_layout":"customizer","zakra_page_title_bg":"","zakra_footer_widgets_bg_image":0,"zakra_page_title_bg_repeat":"customizer","zakra_page_title_bg_position":"customizer","zakra_page_title_bg_size":"customizer","zakra_page_title_bg_attachment":"customizer","zakra_breadcrumbs_enabled":"customizer","zakra_breadcrumbs_text_color":"","zakra_breadcrumbs_separator_color":"","zakra_breadcrumbs_link_color":"","zakra_breadcrumbs_link_hover_color":"","zakra_page_title_bg_image":0,"zakra_footer_widgets_enabled":"customizer","zakra_footer_column_layout_1_style":"customizer","zakra_footer_widgets_bg":"","zakra_footer_widgets_bg_repeat":"customizer","zakra_footer_widgets_bg_position":"customizer","zakra_footer_widgets_bg_size":"customizer","zakra_footer_widgets_bg_attachment":"customizer","zakra_footer_bar_enabled":"customizer","zakra_footer_bar_style":"customizer","footnotes":""},"categories":[24],"tags":[1532],"class_list":["post-4610","post","type-post","status-publish","format-standard","hentry","category-ipo","tag-opra"],"_links":{"self":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/4610","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/comments?post=4610"}],"version-history":[{"count":1,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/4610\/revisions"}],"predecessor-version":[{"id":4613,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/4610\/revisions\/4613"}],"wp:attachment":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media?parent=4610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/categories?post=4610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/tags?post=4610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}