The Euronext stock exchange is pictured at the La Defense business district in Paris, France, September 30, 2022.
REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsOct 11 (Reuters) - French software company Planisware said on Wednesday it would postpone its initial public offering on Euronext Paris, despite closing the books on the same day, making it the third European float to fail in a week.
Planisware follows the steps of German gearbox supplier Renk, which pulled its listing last week despite having indicated its share pricing, also citing a "clouded" market environment.
Another German company, DKV Mobilit, on Tuesday postponed its listing until next year, citing an uncertain market environement.
Earlier on Wednesday, a bookbuilder said Planisware had priced its shares at 16 euros ($16.98) each, the lower end of the 16-18 euro bracket indicted last week.
Persons:
Benoit Tessier, Planisware, Pierre Demonsant, DKV, Nathan Vifflin, Kirsten Donovan, Sharon Singleton
Organizations:
La Defense, REUTERS, Euronext Paris, Thomson
Locations:
Paris, France