On September 20, 2019, Opera, one of the world's leading browser providers, announced the pricing of its follow-on public offering of 7,500,000 American depositary shares (ADSs) at an offering price of $10 per ADS for a total offering size of approximately $75 million, or approximately $86.25 million if the underwriters fully exercise their over-allotment option. The offering is expected to close on September 24, 2019. Wilson Sonsini Goodrich & Rosati is acting as the U.S. counsel for the underwriters in the offering. Citigroup Global Markets Inc. and China International Capital Corporation Hong Kong Securities Limited are acting as the lead joint bookrunners in the offering.

Opera is a leading global internet brand with a large, engaged, and growing base of over 350 million average monthly active users in the quarter ended June 30, 2019. Today, Opera offers users across Europe, Africa, and Asia a range of offerings that include its PC and mobile browsers as well as its AI-powered news reader Opera News and its app-based microlending solutions. The company expects to use the net proceeds from the offering primarily for general corporate purposes.

The WSGR team is led by partner Dan Ouyang and includes counsel Ke Li, associate Qin Zou, special associate Yuhang Li, and legal consultant Ziyue Zhu.

For more information, please see Opera's press release.