(News Bulletin 247) – The world leader in the field of project and business portfolio management has indicated that it is exploring the possibility of going public, reports Reuters.
Towards a new IPO of a tricolor group? The French supplier of project and business portfolio management solutions Planisware is indeed studying several strategic options including a stock exchange listing, reports Reuters, citing sources familiar with the matter.
Among the advisers chosen by Planisware, Rothschild would act as a financial adviser, according to two of these sources, while BNP Paribas and Citigroup have been asked to pilot a possible IPO, added another source from the agency.
Contacted by Reuters, spokespersons for BNP Paribas, Citi and Rothschild did not comment, while Planisware did not respond to a request for comment from the agency.
Founded in 1996 by Pierre Demonsant, Planisware achieved $130 million in revenue in 2021, which represents a 20% increase over the previous year. The company has been chosen and deployed by more than 1,000 customers around the world, in particular with many “key account” customers, including the pharmaceutical giant Pfizer and the Société Générale bank.
Two IPOs in Paris
This strategic review is at a preliminary stage and may not lead to a transaction, the same sources also told Reuters. But if Planisware finally decides to launch, especially in Paris, this operation could give a little more substance to a completely sluggish IPO market.
Recall that, in France, the Paris Stock Exchange has recorded only two IPOs since the beginning of the year and these liftings have only represented only 26 million euros, according to Dealogic data, quoted by Reuters. This number of IPOs could be increased to three in the event of the success of the operation My energy broker, whose subscription to the offer is still in progress.
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