To our Valued Community,
We are proud to announce that Odine has commenced trading on the Borsa İstanbul, BIST Stars market, under the ticker symbol ODINE on March 21, 2024!
Our initial public offering (IPO), led by Türkiye Sınai Kalkınma Bankası (TSKB) and Yatırım Finansman Securities, witnessed incredible demand that exceeded six times our initial projections, marking a significant milestone in our journey of growth and innovation. This remarkable response is a testament to the confidence and enthusiasm of investors in Odine’s vision and potential.
With over 3.3 million investors participating in the IPO, we have successfully attracted a diverse range of stakeholders to join us on our exciting journey. With our cutting-edge technology and comprehensive solutions, we are dedicated to meeting the ever-evolving needs of the telecommunications industry.
Furthermore, we are delighted to emphasize that Odine maintains a robust financial structure, characterized by zero debt and a strong cash position. Our steady growth in net sales and profit, coupled with a healthy current ratio, reflects our commitment to financial stability and sustainable business practices.
The proceeds from the IPO will play a pivotal role in fueling our growth initiatives, particularly in expanding our global presence. With a substantial investment committed, we are poised to enhance our offerings and extend our reach to better serve you, our valued customers and partners.
As we embark on this new chapter, I am assured of our unwavering dedication to delivering exceptional value to our customers, partners, and shareholders. Once again, we extend our heartfelt gratitude to all our stakeholders for their continued support and belief in Odine’s mission.
Together, we will continue to push the boundaries of innovation and excellence in the telecommunications industry.
Alper Tunga Burak
CEO, Odine
