Security firm Verisure plans to raise $3.7 billion in Swedish IPO

Wed, 17th Sep 2025 07:25

IPO could be Sweden's largest in years

Company was previously a division of Sweden's Securitas

Proceeds used to strengthen balance sheet, fund M&A deal

OSLO, Sept 17 (Reuters) - Switzerland-based security services firm Verisure said on Wednesday it plans to list on the Stockholm bourse and raise 3.1 billion euros ($3.7 billion) in what could be Sweden's largest initial public offering in years.

The group declined to say how much the IPO could value the company at, adding that it would provide additional information at a later time.

Verisure, initially a division of Swedish security group Securitas called Securitas Direct, said it more than tripled its customer base from 2014 to 2024 and that it still sees substantial room for growth.

"While we are well-established as the market leader, we are only just getting started with a long runway ahead," CEO Austin Lally said in a statement.

The group's revenue increased 10.3% in 2024 to 3.4 billion euros, with adjusted earnings before interest and tax of 819 million euros, up 24% on 2023.

The company said it intended to use the net proceeds from the IPO to strengthen its balance sheet by refinancing some of its debt and to fund its acquisition of ADT Mexico.

As part of the IPO, Verisure expects to raise 235 million euros from two existing investors, Alba Investments and Securholds Spain, the company said.

Verisure said the Nasdaq Stockholm exchange had concluded that the company fulfilled the requirements for a listing, provided that the IPO transaction is completed as planned.

Full terms and conditions will be included in an IPO prospectus to be published later, the company added.

Financial advisers on the deal include DNB Carnegie, Goldman Sachs, Morgan Stanley, JP Morgan, Merrill Lynch, Barclays, BNP Paribas, CaixaBank, Nordea, Banca March and Banco Santander, Verisure said.