White & Case advises bank syndicate on IPO of Planisware on Euronext Paris
1 min read
Global law firm White & Case LLP has advised a syndicate of banks led by BNP Paribas and Citigroup on the initial public offering (IPO) of Planisware on Euronext Paris.
The prospectus received approval from the French Financial Markets Authority (Autorité des marchés financiers) on September 29, 2023. The offer amounts to a maximum of approximately €272 million. This amount may be increased up to a maximum of €313 million if the over-allotment option is exercised in full. Planisware's listing on the regulated market of Euronext Paris is expected on October 16, 2023. The transaction will be the largest IPO on the Paris stock market in 2023.
Planisware is a leading business-to-business provider of Software-as-a-Service (SaaS) in the rapidly growing Project Economy market. With 600 employees in 12 offices worldwide, Planisware generated revenues of approximately €132 million in 2022.
The White & Case team in Paris which advised on the transaction was led by partners Thomas Le Vert and Séverin Robillard and included partners Max Turner and Alexandre Ippolito and associates Boris Kreiss, Quentin Pipieri, Jaime Lee and Claire Sardet.
For more information please speak to your local media contact.