French software company Planisware has launched an initial public offering (IPO) recently valuing it at €1.11 billion. This marks the largest IPO on the Euronext Paris stock exchange in the last three years. The company jumped as much as 33% on its trading debut in Paris after raising €278 million.
IPO details
Planisware postponed IPO plans in October 2023, citing a deteriorating market environment that alerted caution among investors. The expected valuation is at the lower end of the €1.11 billion to €1.25 billion range that the company was aiming for last year.
As per the company’s statement, it plans to offer up to 15,085,000 ordinary shares for €16 each, accounting for €241 million. Notably, the same was €16-18 per share in October. These shares are expected to start trading today with the company’s founders retaining a majority stake.
Solutions for organisations to plan and deliver
Pierre Demonsant co-founded Planisware in 1996, together with Yves Humblot, Matthieu Delille, and François Pelissolo. It is a B2B provider of SaaS solutions in the rapidly growing Project Economy. Its mission is to provide solutions that help organisations transform how they strategise, plan, and deliver their projects, project portfolios, programs, and products.
These transformative services are touted to empower customers with the tools to innovate faster, safely, and at scale, to better serve more people. With Planisware’s cloud solutions, customers garner their resources and drive all their project activities with improved certainty and visibility.
With nearly 600 employees across 12 offices, Planisware serves around 500 clients in a wide range of verticals and functions across over 30 countries worldwide. Its clients include large, global blue-chip companies, as well as medium-sized businesses and public sector entities.
Co-founder and chairman Pierre Demonsant said “Today we’re back in a short private placement format with very strong support from long-term investors. Markets may be higher, but the environment is still very volatile. So, we’ve opted to get off to a good start on the stock market.”
