French software company Planisware IPO aims for 1.11-1.25 billion euro valuation

French software company Planisware launched on Monday an initial public offering aiming for a valuation between 1.11 billion and 1.25 billion euros, as part of its aim to become the top provider of software solutions for project portfolio management.

The group said 15.1 million shares will be sold, priced between 16 and 18 euros each, and it hoped to raise 241 million euros ($254.52 million) from the share sale.