Clairfield acted as the advisor to ODINE on its IPO

Founded in 2000, Odine is a fast growing, end-to-end SaaS/PaaS and systems integration company providing network software solutions and engineering services for global telecom operators and contributing to the 5G/6G ecosystem with a mission to provide value-added solutions for the transition of legacy networks to cloud-centric virtualised infrastructures.

Odine, boasting approximately 100 highly talented team members and operating from regional offices in Istanbul, Prague and Dubai, serves over 150 clients in more than 40 countries thanks to its qualified human resources, in-house software development capabilities, continuous R&D activities in collaboration with prominent universities and highly distinguished reference projects.

Odine has consistently been listed among Türkiye’s Top 500 IT Companies from 2019 to 2022, achieving the second position in the “Virtualization” Category” in 2022. Additionally, it has been awarded as one of Türkiye’s fastest-growing 50 technology companies by Deloitte in both 2020 and 2021 and acclaimed among Türkiye’s best-managed companies in 2021.

Odine successfully closed its initial public offering of 44.200.000 shares at a public offering price of 30,0 TL per share.

The IPO garnered significant attention with the participation of 3.259.363 investors, reflecting an oversubscribed demand equivalent to 6.13 times the shares offered to the public.

The shares of common stock began trading on the Istanbul Stock Exchange on March 21, 2024, under the ticker symbol “ODINE”.