(News Bulletin 247) – The software publisher is postponing its IPO on compartment A of the regulated market of Euronext Paris, citing difficult market conditions.

Big thunderclap on what should be the biggest transaction on Euronext Paris in two years! Planisware announced this Wednesday afternoon its decision to postpone its IPO on Euronext Paris. The software publisher cites difficult market conditions.

“Since announcing our intention to go public, we have been continually encouraged by the level of engagement and interest that investors have shown in our IPO,” said Pierre Demonsant, Co-founder and President of Planisware .

“The market environment has recently deteriorated, prompting investors to be extremely cautious. With our shareholders and all our employees mobilized alongside us, we have chosen to postpone our IPO project. We remain resolutely committed in pursuit of our objectives and our history of growth and value creation”, continues the manager.

A valuation of more than 1 billion euros

Planisware was preparing its entry into compartment A of Euronext Paris – reserved for the largest capitalizations of more than 1 billion euros – which had not seen any new entrants since OVH Groupe, the European leader in cloud computing services, in October 2021.

The company thus opened on Monday October 2 the possibility to the general public and institutional investors to participate in its IPO on the regulated market of Euronext Paris. The software publisher was thus targeting a valuation of between 1.1 and 1.25 billion euros at the end of an operation which was carried out solely in the form of securities sales.

Planisware shares were offered in a price range between 16 euros and 18 euros. Individuals had until October 10, 2023, i.e. yesterday evening, to place their orders, institutional investors could participate in this operation until October 11, i.e. this Wednesday at 1:00 p.m.

Planisware was to take its first steps on Euronext Paris on Thursday “on a pre-issue basis”, then on Monday October 16 on a quotation line entitled “PLNW” and under the ISIN code FR001400L0H5.