Planisware: IPO relaunched

(CercleFinance.com) - On Tuesday, French software publisher Planisware relaunched its initial public offering (IPO) on Euronext Paris, an operation expected to value the company at around 1.
1 billion euros.

The project portfolio management specialist, which has been preparing its IPO for the past year, had to abandon the project last autumn due to difficult market conditions.

This time, the Paris-based group plans to put over 15 million ordinary shares on the market at a unit price of 16 euros, representing an investment of around 241 million euros.

The IPO also includes an over-allotment option on 2.2 million shares, representing an additional investment of around 36 million euros.

Founded in 1996, Planisware supports around 545 customers worldwide in a wide variety of project types and corporate functions (digitalization, energy transition, R&D).

The company, which employs nearly 700 staff in 12 offices in over 38 countries, has generated average annual growth of around 20% over the period 2020-2023, with an adjusted Ebitda margin of over 33% in 2023.

The IPO should enable the company to further improve its financial performance, while seizing potential opportunities in the fast-growing 'project economy' sector.

The company's founders are expected to retain a majority shareholding, as well as an active role in the company's management.

The start of trading is scheduled for April 18, in the form of an exchange of share promises.

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