Bitmain is going to invest $50 million in stock Opera browser

Bitmain is going to invest $50 million in stock Opera browser

It is reported that Bitmain is going to invest $ 50 million in an initial public offering (IPO) Opera Ltd, the company behind the eponymous web browser.

Opera Ltd expects to raise $ 115 million, according to Reuters, and its Ticker symbol on the Nasdaq will be “OPRA”. Request to the IPO was filed with the Commission on securities and stock exchanges of the USA on Friday, 29 June 2018.

According to the analytical website 24/7 Wall St, Opera Bitmain will sell shares worth $50 million, and two other purchaser will receive of a share for $10 million

Opera — popular web browser. It was developed in Norway in 1994 and first released on Microsoft Windows in 1996. Today, he works in the systems of Apple, Windows and Linux. The company behind the software Opera Software AS, was acquired in 2016 by a Chinese consortium called Private Brick Capital Private Equity Fund for $ 600 million.

According to Opera choose of 2.46% Internet surfers (for the record, Chrome has 66% market share, and the old man Internet Explorer to 7.15%).

Bitmain is the largest manufacturer of equipment for mining cryptocurrency from China. The company also owns several mining pools, Hasrat which, in the aggregate, accounted for 42%. Annual revenue of billions of dollars.

Last week, Bitmain has closed a series B funding, during which time the company was valued around $ 12 billion.

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