Opera Limited (OPRA) Announces 6.88M Share Secondary Offering by Selling Stockholders

Opera Limited (NASDAQ: OPRA) today announced that it has commenced an underwritten secondary public offering of 6,876,506 American Depositary Shares ("ADSs") from a pre-IPO shareholder.

Opera intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the ADSs to be sold in the proposed public offering. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Citigroup and Goldman Sachs & Co. LLC are lead book-running managers and representatives of the underwriters for the offering. TD Cowen and CICC are also acting as joint book-running managers. Lake Street is acting as co-manager for the offering.

The ADSs in the proposed underwritten offering are being offered pursuant to an effective shelf registration statement previously filed and declared effective by the Securities and Exchange Commission, and Opera will file a preliminary prospectus supplement and accompanying prospectus relating to and describing the terms of the proposed underwritten public offering, copies of which can be accessed for free through the SEC's website at www.sec.gov. When available, copies of the preliminary prospectus supplement and accompany prospectus relating to the underwritten public offering from: Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at 800-831-9146 or Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at 866-471-2526 or by email at [email protected].

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the offered ADSs, nor shall there be any sale of such ADSs in any state or other jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or other jurisdiction.

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