Opera Limited Drops 9% After Pricing 6.88 Mln ADS

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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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