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Investing.com -- Security firm Verisure is targeting an initial public offering in Stockholm that could raise between €3 billion ($3.5 billion) and €4 billion, according to Bloomberg, citing people familiar with the matter.
If successful, this would make it Europe’s largest listing in three years. The IPO is expected to consist primarily of new shares to help the company reduce its debt burden, said the sources, who requested anonymity as the information is not public.
Existing investors, including majority owner private equity firm Hellman & Friedman, may also sell some of their shares as part of the offering.
The listing could occur either later this year or in 2026 and might value the alarm company at more than €20 billion including debt.
The sources emphasized that no final decisions have been made regarding the offer size, and the timing will ultimately depend on market conditions.
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