Opera Limited Drops 9% After Pricing 6.88 Mln ADS
(RTTNews) - Shares of browser developer Opera Limited (OPRA) are falling more than 9% Friday morning after the company priced its secondary offering of about 6.88 million ADSs at $12.25 per ADS.
The ADSs, sold by a pre-IPO shareholder, are being offered pursuant to a shelf registration statement filed with SEC earlier.
OPRA is at $11.75 currently. It has traded in the range of $3.92 - $28.58 in the last 52 weeks.
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