- Optare Solutions, a consultancy specializing in OSS/BSS solutions for telecommunications operators and digital service providers, made a strong debut yesterday on BME Growth.
- The company, which started trading its shares at a reference price of €6.25, closed its first trading day with a 24.8% increase, reaching €7.80 per share and boosting its market capitalization from €22 million to €27.5 million.
This debut marks a significant milestone in the history of Optare Solutions, founded in Vigo in 2002, and represents a new beginning in its expansion strategy. The IPO, as highlighted by its CEO, Luis Álvarez-Sestelo, serves three key objectives: increasing the company’s visibility, retaining talent, and opening new financing avenues to drive further growth. “Entering the market offers us different tools from those we’ve used until now, expanding our possibilities for growth,” Álvarez-Sestelo stated.
Prior to its IPO, Optare Solutions successfully completed two capital increases, raising €2 million, with a demand exceeding nearly €1 million. These funds will enable the company to continue executing its expansion plan and solidify its position as a leader in digital transformation. The company, headquartered in Vigo, has grown steadily in recent years, thanks to its ability to offer cutting-edge technological solutions to its clients.
Optare Solutions trades under the ticker “OPTS” and operates in the “fixing” mode, which sets prices at two specific moments of the day (12:00 and 16:00). On its debut day, the company gained strong support from both investors and the market, reinforcing confidence in its growth plan.
With this successful first day as a listed company, Optare Solutions enters a new growth phase, focused on expansion and consolidating its leadership in the tech sector. This step not only strengthens its financial structure but also opens the door to new growth and development opportunities.
About Optare Solutions
Optare Solutions is a leading telecommunications consultancy, specializing in providing innovative and customized solutions for operators. With a focus on network optimization, customer experience management, and advanced analytics, Optare Solutions helps its clients achieve operational excellence and stay competitive in an ever-evolving market. With nearly 150 professionals and a presence in five countries, the company has carried out over 2,000 projects in more than 25 countries, collaborating with over 30 telecom operators.
