Planisware in IPO

October 2, 2023

Cleary Gottlieb is representing Planisware in its initial public offering comprising an offering of shares by existing shareholders and a listing on Euronext Paris.

The transaction launched on October 2, 2023, and is expected to price on October 11, 2023, and to close on October 13, 2023.

The shares offered in the IPO amount to between €241 million and €272 million, based on the low and high end of the indicative offering price range, increased to €278 million and €312 million if the over-allotment option is exercised in full. The shares are being offered to the public in France and internationally in private placements, including under Rule 144A in the United States. BNP Paribas and Citigroup are acting as joint global coordinators and joint bookrunners. Bank of America and Berenberg are acting as joint bookrunners.

Planisware is a leading software provider serving, via offices in nine countries, approximately 540 organizational customers in a wide range of verticals, and functions across more than 30 countries in the large and rapidly growing Project Economy market. Planisware is a state-of-the-art SaaS platform based on in-house cloud infrastructure and proprietary technology with strong innovation capabilities enhanced by AI features. Planisware’s technology stack has a proven track record of high scalability and configurability in supporting large clients managing either extremely sophisticated or numerous projects. Planisware’s product leadership has been recognized by leading independent technology research organizations such as Gartner, Forrester, and Info-Tech Research Group, who have consistently ranked Planisware as a leading vendor in numerous categories.