The bell finally rang on the right note for Planisware. Forced to postpone its IPO last October a few days after the Hamas attack in Israel, the French software publisher listed this Thursday on the Paris Stock Exchange. At a price of 16 euros before the markets opened, PLNW shares immediately jumped and were up 25% at 3:30 p.m., to 20 euros. Or a valuation of more than 1.3 billion euros. At the same time, the specialist in project management interfaces raised 241 million euros.
“Carried out as part of a private placement with institutional investors, the IPO generated strong demand from leading investors, in France and internationally,” the company rejoiced in a statement. The funds CDC Tech Premium (Caisse des Dépôts), DNCA Finance, Invesco and T. Rowe notably acquired a stake in the company while Ardian sold part of the 20% it held. “Demand was much higher than supply, this shows that there is no need to go to Nasdaq,” underlines Alexis Le Touzé, the Equity Capital Market boss of BNP Paribas who held the order book .