PARIS (Reuters) – Planisware, a French provider of project management software for businesses, launched its IPO process on Monday on the Paris Stock Exchange where it is aiming for a valuation of between 1.1 billion and 1.25 billion dinars. ‘euros.
According to Euronext, this is the largest IPO on the Paris Stock Exchange since that of OVH in October 2021.
Planisware plans to list on the regulated market of Euronext Paris (compartment A) in an indicative price range between 16 and 18 euros per share, it announced in a press release.
The price setting is scheduled for October 11 for a quotation the following day.
The operation will be carried out via an open price offer in France to retail investors and a private placement to institutional investors in France and abroad.
Planisware, which has nearly 600 employees, is located in nine countries. It has around 500 clients in numerous sectors and professions in more than 30 countries in Europe, North America and Asia.
The software publisher reported for its 2022 financial year a turnover of 132 million euros and an adjusted Ebitda of 41 million euros, representing an adjusted Ebitda margin of 31%.
The company indicated in September in a press release that it anticipated an adjusted Ebitda margin greater than 31% in 2023, around 33% in 2024 and around 35% in 2026.
(Report by Stéphanie Hamel, written by Kate Entringer with Diana Mandiá, edited by Blandine Hénault)
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