EQUITY ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Involving Possible Securities Fraud Violations by Certain Officers and Directors of Opera Limited

NEW YORK, NY / ACCESSWIRE / January 17, 2020 / Levi & Korsinsky notifies investors that it has commenced an investigation of Opera Limited. ("Opera" or "the Company") (NASDAQ:OPRA) concerning possible violations of federal securities laws.

On July 27, 2018, Opera went public, offering 9.6 million American Depository Shares ("ADS") at $12.00 per ADS. On September 20, 2019, Opera filed a prospectus with the SEC concerning a follow-on offering of approximately 7.5 million ADS for $10.00 per ADS.

On January 16, 2020, Hindenburg Research published an investment report on the Company, forecasting a significant downturn based on Opera's business practices and placing a 12 month price target of $2.60 per ADS. The Hindenburg report caused Opera's ADS to decline from by 19%, from $9.02 on January 15, 2020 to $7.33 on January 16, 2020.

To obtain additional information, go to:

https://www.zlk.com/pslra-1/opera-limited-loss-form

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.

Levi & Korsinsky is a national firm with offices in New York, California, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

SOURCE: Levi & Korsinsky, LLP

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