Exclusive Networks shares fall in Paris debut (updated)

Exclusive Networks SAS

23/09/2021 12:47

(Adds detail, updates shares)
    PARIS, Sept 23 (Reuters) - Shares in French technology and
cybersecurity firm Exclusive Networks  EXN.PA  fell on their
debut in Paris on Thursday.
    Exclusive Networks, which helps cybersecurity companies
connect to businesses, priced its Paris initial public offering
(IPO) at 20 euros per share, the bottom of a previously
announced price range, valuing it at up to 1.8 billion euros.
    They opened 0.5% lower and were down 3% by 1128 GMT.
    Some European companies have struggled to get their IPOs
over the line in recent weeks, with investors becoming
increasingly selective. France's Believe is among those to have
struggled in the aftermarket.  urn:newsml:reuters.com:*:nL2N2NS0GL
    J.P. Morgan and Morgan Stanley were the global co-ordinators
and bookrunners on the deal.
    French investment company Antin Infrastructure Partners is
expected to start trading on the Paris stock market on Sept 24.
 urn:newsml:reuters.com:*:nL8N2QH2ZF


 (Reporting by Anait Miridzhanian; editing by Mark Potter and
Jason Neely)
 ((Anait.Miridzhanian@thomsonreuters.com; +48 58 769 66 05;))