Opera Going Public

By Matthew Hicks  |  Posted 2004-02-10 Print this article Print

The Web browser maker plans a March public listing on the Oslo Stock Exchange in its home country of Norway.

Opera Software ASA, an Oslo, Norway, maker of Web browser software, is planning to go public next month. Opera announced on Monday that its board of directors has decided to apply for a public listing on the Oslo Stock Exchange. The news came as the company reported a 54 percent increase in earnings for 2003 compared with 2002. Opera CEO Jon von Tetzchner said in a statement that after nine years developing its browser technology Opera is ready to go public to play a bigger role in the market.
"Opera has come far, and a public listing will give us more flexibility to expand our position as a leading player in the Internet arena," von Tetzchner said in the statement.
To read more about Operas latest Web browser release, click here. Operas Web browser is the third most popular browser with a 0.8 percent market share, behind Microsoft Corp.s Internet Explorer (94.8 percent) and the open-source Mozilla browser (1.8 percent), according to data from Web analytics vendor OneStat.com. While taking on IEs dominance, Opera also has focused aggressively on the mobile space with mobile browser technology for smart phones and PDAs.
Matthew Hicks As an online reporter for eWEEK.com, Matt Hicks covers the fast-changing developments in Internet technologies. His coverage includes the growing field of Web conferencing software and services. With eight years as a business and technology journalist, Matt has gained insight into the market strategies of IT vendors as well as the needs of enterprise IT managers. He joined Ziff Davis in 1999 as a staff writer for the former Strategies section of eWEEK, where he wrote in-depth features about corporate strategies for e-business and enterprise software. In 2002, he moved to the News department at the magazine as a senior writer specializing in coverage of database software and enterprise networking. Later that year Matt started a yearlong fellowship in Washington, DC, after being awarded an American Political Science Association Congressional Fellowship for Journalist. As a fellow, he spent nine months working on policy issues, including technology policy, in for a Member of the U.S. House of Representatives. He rejoined Ziff Davis in August 2003 as a reporter dedicated to online coverage for eWEEK.com. Along with Web conferencing, he follows search engines, Web browsers, speech technology and the Internet domain-naming system.

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