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• Zhou Yahui Recreated the Main Channel with Opera's IPO Completed
• 27 July 2018
• 
           On the morning of July 27th, US Eastern Time, Opera (Ou Peng) completed its initial public offering. Opera's largest shareholder is Kunlun Wanwei, accounting for 48.0% of the total share capital. ZHOU Yahui, Kunlun Wanwei CEO, and his family's wholly-owned subsidiary Perfect Fortune Consultancy Limited's wholly-owned subsidiary Keeneyes Future Holding accounted for 19.5% of the total share capital.
           The browser is officially ringed on the clock, the stock code is OPRA, the price is 12 dollars per share, and the market value is about 1.4 billion US dollars. The opening price was $14.34, a 19.5% increase over the issue price. However, according to the press release, its share price rose somewhat.
           Born in 1996, "the veteran" browser company Opera has come all the way. Although Opera is little known in China, it is popular in Southeast Asia, Africa and Europe; it was born in Norway, and now half of the team is located in Poland; this European company is China Kunlun Wanwei. After the consortium's $575 million acquisition, it was listed in the US within three years.
           On the eve of the listing, people close to Opera said that Opera has received over 20 times oversubscription, and mainstream institutions such as Blackrock, GIC and Huaxia have participated in the subscription of Opera.
           On the shareholder side, Opera's prospectus shows that before the initial public offering, the company's directors and executives held a total of 18,175,000 shares of common stock, accounting for 90.9% of the total share capital. Opera's largest shareholder is Kunlun Wanwei, accounting for 48.0% of the total share capital; Kunlun Wanwei CEO Zhou Yahui and his family's wholly-owned subsidiary Perfect Fortune Consultancy Limited's wholly-owned subsidiary Keeneyes Future Holding accounted for 19.5% of the total share capital; 360 indirectly held Qisi (HK) Technology Co, a wholly-owned subsidiary. Ltd. Qifei International Development Co, a wholly-owned subsidiary. , Ltd accounted for 23.4% of the total share capital.
           Opera has experienced the PC era, and the glory of the hegemony period was defeated in the next smartphone competition and turned into a loss. Of course, the features of its compression technology and its own VPN are still impressive. Until 2016, Kunlun Wanwei founder, Opera CEO Zhou Yahui and 360 company founder Zhou Hongyi jointly acquired Opera to inject Chinese Internet genes into Opera.
           In the highly competitive browser market, Opera has found a new way to debut. It has avoided the market of giants such as China and the United States, and has chosen to expand in Africa, Southeast Asia, and native Europe. At the same time, Opera has also launched information flow. Zhou Yahui once said that Opera's goal is to account for 40% to 50% of the 20% of third-party browsers, or 8% to 10% of the entire market. The bigger ambition is to expand the Opera browser into a platform. Type products.
           Zhou Yahui said in a previous interview: "Opera's user volume is very concentrated. Among the 320 million MAU (monthly users), about 100 million MAUs are concentrated in Africa, and 100 million are concentrated in South Asia, Southeast Asia, and then Europe. 60 million, in addition to the Middle East and North Africa, we did one thing in 2017, the browser information flow, we launched an independent news client in 2018."
           In terms of performance, Opera has entered the harvest period. According to the prospectus, in 2016, Opera's adjusted net loss was $9.226 million; in 2017, Opera achieved a turnaround, with adjusted net profit of $17.786 million; just in the first quarter of 2018, Opera's After the net profit reached 9.87 million US dollars.
           In Zhou Yahui's view, Opera is his second venture. Behind this project is his investment logic. Zhou Yahui believes that the most profitable areas of the Internet business are seven, namely social, news, video, music, e-commerce, logistics, and payment. Opera is the super entry point for news, finance and so on.
           The layout of Kunlun Wanwei is also based on this logic, which is mainly divided into four sections: Opera, Grindr (famous subculture community), leisure and entertainment, Kunlun game. At the scene, Grindr Chairman Scott Chen told 21st Century Business Herald that Grindr is expected to be listed next year.
           However, as more and more software products come out of China, manufacturers will still face more intense competition. This also means that overseas companies will still be the competition of Chinese companies, but the war venues have been replaced overseas.
  
           Related Link:
           http://westdollar.com/sbdm/stock/news/1611,20180727914896738.html