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PARIS, September 22 (Reuters) – On Wednesday, two of the latest Paris stock market entrants placed their IPOs at the top of the price range, extending a solid series of listings in France.
The investment company Antin Infrastructure Partners will list its shares at 24 euros, valuing it at 4.1 billion euros after the IPO. It follows the British private equity group Bridgepoint BPTB.L to go public this year, and its shares are expected to begin trading on September 24.
Technology company Exclusive Networks, which helps cybersecurity companies connect with businesses, also valued its listing at $ 24 per share, valuing the company at around $ 2.1 billion. Its shares are expected to start trading on September 23.
The two join a long list of companies debuting in Europe this year, with listings reaching their highest level in 14 years in the first half of the year.
French companies joined the fray later than some, with mixed results initially, including the fall in shares of online music company Believe after its listing in June.
Believe is still below its listing price, which executives attributed to European investors needing more time to familiarize themselves with a world of tech and music they are less familiar with.
Since then, however, French IPOs have accelerated.
Icade Santé, the healthcare real estate business of the French property company Icade ICAD.PA, said on Tuesday it had set a price range of 115 to 135 euros per share for its next IPO, giving it a value of up to 6.4 billion euros ($ 7.50 billion).
French cloud computing services company OVHcloud is also aiming to raise € 400 million by selling new shares in an IPO in Paris, it said on Monday.
(Reporting by Sarah White, editing by Ingrid Melander)
((ingrid.melander@thomsonreuters.com, Twitter @IngridMelander;))
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