Planisware Soars in Paris Debut After Raising $297 Million
- Stock opens at €21.01 versus €16 per share IPO price
- France joins nascent recovery in European IPOs after drought
The Euronext stock exchange in Paris.
Photographer: Nathan Laine/BloombergThis article is for subscribers only.
Software company Planisware jumped as much as 33% on its trading debut in Paris after raising 278 million euros ($297 million) as France — Europe’s biggest stock market — finally joins the bounce in the region’s share listings after a two-year drought.
Shares of the company opened at €21.01, well above the initial public offering price of €16 per share. The listing valued Planisware at €1.1 billion ($1.2 billion), also marking the return of sizeable tech IPOs in Europe.