Antin, Exclusive Networks priced at top valuations in Paris

Credit: REUTERS/ERIC GAILLARD

Two of the latest stock market newcomers in Paris set their initial public offerings at the top of the share price range on Wednesday, extending a strong run of listings in France.

PARIS, Sept 22 (Reuters) - Two of the latest stock market newcomers in Paris set their initial public offerings at the top of the share price range on Wednesday, extending a strong run of listings in France.

Investment firm Antin Infrastructure Partners will float its shares at 24 euros, valuing it at 4.1 billion euros after the IPO. It follows British private equity group Bridgepoint BPTB.L in going public this year, and its shares are due to start trading on Sept 24.

Technology firm Exclusive Networks, which helps cybersecurity companies connect to businesses, also priced its listing at 24 euros per share, valuing the company at around 2.1 billion euros. Its shares are due to start trading on Sept. 23.

The two join a long list of companies making their stock market debut in Europe this year, with listings hitting their highest level in 14 years in the first half.

French businesses joined the fray later than some, with mixed results at first, including shares in online music firm Believe falling after its June listing.

Believe is still below its listing price, which executives have attributed to the fact European investors needed longer to get to grips with a tech and music world they are less familiar with.

Since then, however, French IPOs have picked up pace.

Icade Sante, the healthcare property business of French real estate firm Icade ICAD.PA, said on Tuesday it had set a 115 to 135 euros per share price range for its upcoming IPO, giving it a value of up to 6.4 billion euros ($7.50 billion).

French cloud computing services firm OVHcloud also aims to raise 400 million euros by selling new shares in a Paris IPO, it said on Monday.

(Reporting by Sarah White, Editing by Ingrid Melander)

((ingrid.melander@thomsonreuters.com, Twitter @IngridMelander;))

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