A leading manufacturer of hardware for bitcoin mining Bitmain will acquire a large stake in Opera Ltd, which is in its upcoming IPO, plans to raise $115 million reported by 24/7 Wall St.
Private placement of shares Opera Ltd, which is behind the popular browser of the same name, was announced in late June, but financial details until recently remained unknown.
However, according to the publication, $50 million of this amount to invest Tospring Technology Ltd (Bitmain), has two shares worth $10 million each will go to two other unnamed companies.
In Opera Ltd plans to go to Nasdaq, where its shares will be traded under the Ticker OPRA. Behind browser company Opera Software AS in 2016, was acquired for $600 million Chinese consortium Golden Brick Capital Private Equity Fund.
Representatives Bitmain no official announcement regarding the IPO Opera is not done, however, the intention of the Chinese company to invest in a developer of the Internet browser, if confirmed, looks very intriguing.
We will remind, earlier it became known that in the course of the funding round series B Bitmain has attracted $300 million to $400 million, then the investment value grew to $12 billion was Also reported Bitmain own plans for the IPO.