Odine, global telecoms partner, yesterday announced the approval of their Initial Public Offering (IPO) application, marking a significant milestone in their commitment to fostering innovation and driving sustainable transformation within the telecom industry. With a focus on redefining network ecosystems through cutting-edge software-defined solutions, Odine stands at the forefront of reshaping the future of communication.
The approval of the IPO application represents a pivotal moment, offering investors the opportunity to participate in its disruptive vision while enabling the intensification of investment in research and development, technological advancement, and the delivery of pioneering services to benefit partners and customers.
Odine's shares will be traded on BIST Star, Borsa İstanbul, Türkiye's premier securities exchange, adding to the vibrancy and diversity of the exchange's offerings. The public offering will be conducted under the joint leadership of Türkiye Sınai Kalkınma Bankası A.Ş. (TSKB) and Yatırım Finansman Menkul Değerler A.Ş.
The IPO approval marks the next phase in Odine's mission to accelerate the networks of tomorrow and foster unparalleled growth for telecommunications. The company remains dedicated to investing in network virtualization, cloudification services and developing solutions tailored to meet the demands of Tier-1 telecom operators, all while prioritizing long-term sustainability.
Odine is steadfast in its commitment to integrating financial, infrastructural, and environmental sustainability into the fabric of organizational business models. By leveraging diverse, software-defined, and future-proofed technologies, the company empowers partners to create enduring value in the ever-evolving landscape of telecommunications.
The approval of the IPO application follows several notable achievements. Recently, Odine has also announced that their Telco Cloud Project with Turkcell has been shortlisted for the Best Cloud Solution at the GLOMO Awards 2024, recognizing innovative contributions in cloud services, alongside receiving the Cloud and Edge Computing Innovative Award and placing in Capacity Media's 20 Top Telco Vendors power list in 2023. These successes reflects Odine's commitment to sustainable network transformation and industry leadership.
A substantial portion of the proceeds from the IPO will be allocated to support the company's international growth objectives. A part of the revenue will be designated for operational capital. The remaining funds will be dedicated to completing innovative projects integrating advanced technologies, tailored to meet the evolving demands of customers and the industry at large.
Alper Tunga Burak, CEO at Odine
This IPO approval marks a significant milestone for Odine, propelling us into an era of unprecedented growth and innovation. It promises to unlock the potential of groundbreaking technologies, including artificial intelligence, data analytics, and sustainable solutions, offering investors a chance to be part of the next generation of tech disruptors.
