Opera Prices Secondary Public Offering Of 6,876,506 American Depositary Shares At $12.25/ADS
Portfolio Pulse from Benzinga Newsdesk
Opera has priced its secondary public offering of 6,876,506 American Depositary Shares at $12.25 per share.
September 29, 2023 | 6:54 am
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NEUTRAL IMPACT
Opera's secondary public offering of 6,876,506 American Depositary Shares has been priced at $12.25 per share.
The pricing of Opera's secondary public offering could have a neutral impact on its stock price. While the influx of shares could dilute existing shareholders' equity, the funds raised could be used for beneficial corporate activities. The actual impact will depend on how the market perceives this action.
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