Norway’s most internationally known information technology company, Opera Software, has finally decided to pursue a stocklisting. Analysts think the timing is good.
Rising stockmarkets and a jump in investor interest bode well for Opera, which likely will be publicly traded by late March.
Finance director Christian Jebsen said Opera Software’s management has been holding off on a stocklisting until the company met several criteria.
“We should have documented growth, and we wanted to see license income,” Jebsen said. “The third criterion was profitability within the company.”
Sales revenues have tripled in the last three years and Opera Software logged profits last year. With international partners and customers like IBM, Sony, Motorola, Sony Ericsson, Nokia and Sharp, the company now is seen as having a bright future.
Jebsen said more growth is expected this year. Opera Software now has 142 employees.