Planisware IPO aims to be largest IPO in France in two years
Technology
Planisware IPO aims to be largest IPO in France in two years
(Reuters) - French software company Planisware launched on Monday an initial public offering aiming for a valuation of between 1.11 billion and 1.25 billion euros, making it the largest IPO on Euronext Paris in the last two years.
The group said 15.1 million shares will be sold, priced between 16 and 18 euros each, and it hoped to raise 241 million euros ($254.52 million) from the share sale.
"We strongly believe that this IPO (...) will give us the means to achieve our ambition to be the number one provider of multi-specialty project and portfolio management software solutions," Planisware Co-Founder and Chairman Pierre Demonsant said in a statement.
The pricing of the offering is expected to take place on Oct. 11.
In October 2021, French cloud computing company OVHcloud (OVH.PA) was priced at 18.50 euros per share for its IPO, which gave the group a market capitalisation of around 3.5 billion euros.
