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Opera Ltd. Files for IPO

posted by mrpg on Tuesday July 03 2018, @05:40PM   
from the is-this-good-or-bad? dept.

takyon writes:

Browser maker Opera has filed to go public

Norway-based company Opera Ltd. has filed for an initial public offering in the U.S. According to its F-1 document, the company plans to raise up to $115 million.

In 2017, Opera generated $128.9 million in operating revenue, which led to a net income of $6.1 million.

While many people are already familiar with the web browser Opera, the company itself has had a tumultuous history. Opera shareholders separated the company into two different entities — the browser maker and the adtech operations.

The advertising company is now called Otello. And a consortium of Chinese companies acquired the web browser, the consumer products and the Opera brand. That second part is the one that is going public in the U.S.

They offer an innovative, WebKit/Blink-based product.

Also at Android Police.

Related: Opera Browser Sold to a Chinese Consortium for $600 Million
Opera Discontinues its Mobile VPN App

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Original Submission

• Programmer humorProgrammer humor (Score: 3, Insightful) by tangomargarine on Tuesday July 03 2018, @06:50PM (3 children)

  by tangomargarine (667) on Tuesday July 03 2018, @06:50PM (#702100)

  While many people are already familiar with the web browser Opera, the company itself has had a tumultuous history. Opera shareholders separated the company into two different entities — the browser maker and the adtech operations.

  The advertising company is now called Otello. And a consortium of Chinese companies acquired the web browser, the consumer products and the Opera brand. The part with the IPO is the one that soaks up money and contributes nothing to the world.

  I know marketeers and advertisers have to exist, but I see their work as vaguely dishonorable. The only thing more depressing than an ad agency is an innovative browser company getting split up, the browser part of it dies, and the ad agency part is making more money than ever.

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  "Is that really true?" "I just spent the last hour telling you to think for yourself! Didn't you hear anything I said?"

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• Re:Programmer humorRe:Programmer humor (Score: 2) by takyon on Tuesday July 03 2018, @07:08PM (2 children)

  by takyon (881) <reversethis-{gro ... s} {ta} {noykat}> on Tuesday July 03 2018, @07:08PM (#702106) Journal

  With search engine deals, Mozilla got many hundreds of millions in Google cash and was also able to suck out money from the desiccated corpse of Yahoo! The war chest didn't stop them from getting steamrolled by Google Chrome. Now, Chrome's top position is being used by Google to beat advertisers into submission.

  Opera apparently has some users [wikipedia.org] squirreled away somewhere. Maybe on mobile. Vivaldi is the spiritual successor of Opera... but it still uses WebKit/Blink.

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  [SIG] 10/28/2017: Soylent Upgrade v14 [soylentnews.org]

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  • Re:Programmer humorRe:Programmer humor (Score: 0) by Anonymous Coward on Tuesday July 03 2018, @09:32PM (1 child)

    by Anonymous Coward on Tuesday July 03 2018, @09:32PM (#702194)

    I use Opera at home, it is decent. I started using it because of the integrated (free) VPN. This way the ISP can't keep tabs on my browsing habits.

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    • Re:Programmer humor(Score: 0) by Anonymous Coward on Wednesday July 04 2018, @02:12AM

      by Anonymous Coward on Wednesday July 04 2018, @02:12AM (#702310)

      I also used Opera+built-in VPN, it's just too bad they discontinued 32bit version as I used it inside 32bit OS VM.

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