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Planisware Soars in Paris Debut After Raising $297 Million.

Authors :
Adinarayan, Thyagaraju
Source :
Bloomberg.com; 4/18/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

Planisware, a software company, experienced a successful trading debut in Paris, with its shares jumping as much as 33% after raising €278 million ($297 million). This marks a positive development for France's stock market, which has struggled to attract tech and media companies in recent years. However, some experts caution that the success of Planisware may be specific to the company and that smaller European tech IPOs may struggle to generate strong interest from retail investors. Planisware's founders will retain a majority stake, and cornerstone investors, including CDC Tech Premium, have provided €100 million. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
176694801