image credit : Opera


Browser maker Opera notable for its Opera Mini browser which counts over 180 million mobile users for its mobile products and over 50 million Desktop users has now filed to go public in a IPO which the company aims to raise up to $115 million for its operations.

Opera has now jointed the long list of startups earmarked to go public this year as the company reported revenues of of $128.9 million for last year amidst a net income of $6.1 million for the company which notably separated its operations into two parts consisting of its browser and ad-technology operations which now stand separately.

The company makes most of its revenues from several deals with major search engines which include Russia’s Yandex and major search giant Google which produces a combined percentage of 56.1% of its revenue.

This partners pay much money to Opera to stand as the default search engine on Opera’s browsers making up a very good revenue stream for the company which intends to list on the Nasdaq exchange under the ticker “OPRA”.

The company also makes money from advertisement partnerships across its browsers and also several smartphone companies who pay to get the software pre-installed on its phones.

Several software companies have gone public this year and with this IPO on the line, It marks as a notable addition to the several technology companies which have filed and have gone public in what has been the best year so far for tech IPOs.

Opera was founded 1995 in Norway by notable Vivaldi browser co-founder Jon S. von Tetzchner and has been growing since then at a very good rate.

Other notable companies which have filed to go public currently include Chinese e-commerce company Pinduoduo which just filed for a huge $1 Billion IPO and cybersecurity startup Tenable which just filed for a huge $100 million IPO amongst others.

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