Planisware Upcoming IPO Targets Largest French Offering in Two Years

03 Oct, 2023

Planisware Upcoming IPO Targets Largest French Offering in Two Years

Planisware, a leading French software company, has initiated its eagerly awaited initial public offering (IPO) with ambitious aspirations. This IPO seeks to achieve a remarkable valuation range of 1.11 billion to 1.25 billion euros, marking it as a significant milestone in the financial landscape of Euronext Paris. It stands out as the largest IPO to grace this exchange in the past two years.

To fuel this venture, Planisware has made plans to sell 15.1 million shares, priced in the range of 16 to 18 euros per share. This strategic move aims to amass a substantial 241 million euros (equivalent to $254.52 million) from the sale of these shares. Such funds are envisioned to play a pivotal role in realizing Planisware's vision of becoming the foremost provider of multi-specialty project and portfolio management software solutions.

Pierre Demonsant, Co-Founder and Chairman of Planisware, expressed his optimism, stating, "We strongly believe that this IPO will provide us with the means to achieve our ambition." This statement underscores the company's determination to leverage this IPO for further growth and innovation.

The IPO's pricing event is scheduled for October 11, a date eagerly anticipated by investors and industry enthusiasts alike. This development bears striking resemblance to the 2021 IPO of OVHcloud, a French cloud computing company, which saw its shares priced at 18.50 euros each, resulting in a market capitalization of approximately 3.5 billion euros. The financial world will undoubtedly keep a close watch on Planisware's journey as it charts its course in the dynamic realm of IPOs.