Verisure plans to list on Nasdaq Stockholm and raise €3.1 billion (about $3.7 billion). If completed, it would be one of Europe’s largest IPOs in recent years, according to company statements and market data from the past week.
Proceeds are slated to refinance parts of the capital structure and help fund Verisure’s agreed acquisition of ADT Mexico. The exchange has stated that the company meets listing requirements, with full terms outlined in the forthcoming prospectus.
Deal size and use of proceeds
The company describes the offering as a primary share issue. Two existing owners, Alba Investments and Securholds Spain, are expected to participate for a combined €235 million, alongside the main issuance aimed at new and existing investors.
Verisure did not comment on valuation. The company framed the deal as balance-sheet strengthening plus M&A funding, positioning it to pursue growth as European IPO conditions improve after a difficult first half.
Ownership, history, and brand footprint
Verisure began in 1988 as Securitas Direct, a division of Sweden’s Securitas, before undergoing a series of ownership changes and a 2014 separation that led to the creation of today’s home-alarm-focused entity. The main shareholder is Hellman & Friedman.
In the Nordics, Verisure is also known as the leading Arlo operator in Sweden, reflecting its broader role across monitored alarms, cameras, and connected security. The company now operates across multiple European and Latin American markets.
Market context and timing
Bankers point to a tentative reopening of Europe’s new-issue window, helped by several September listings in the U.S. The Verisure float arrives amid that backdrop, with investors parsing rate paths, geopolitics, and consumer resilience.
The company’s customer base more than tripled between 2014 and 2024, indicating underlying category growth and cross-sell of monitored services. Management says the runway remains long, as professionally monitored security scales indicate.
Financials and growth signals
For 2024, Verisure reported an adjusted operating profit of €819 million, up 24%, alongside sales of €3.4 billion, a 10% increase. The mix includes installation, monthly monitoring, and service revenues tied to its subscription model.
Management characterises Verisure as the market leader in several geographies, emphasising churn control, new installations, and product upgrades. The IPO aims to support balance-sheet flexibility while funding near-term expansion.
What happens next
Nasdaq Stockholm has confirmed listing eligibility. The company states that full terms will be disclosed in the IPO prospectus, including the price range, offer structure, and lock-up details, once published, subject to market conditions.
If the deal prices, it could become the region’s largest listing in years, testing demand for household-name private equity assets in public markets, and offering a barometer for Europe’s slowly recovering IPO pipeline.
