Deals

Verisure Files for €3.1 Billion IPO, Europe’s Biggest Since 2022

WATCH: CEO Austin Lally says Verisure’s offering will take place in the “next few weeks.”Source: Bloomberg

Alarm firm Verisure Plc is planning to raise about €3.1 billion ($3.7 billion) via an initial public offering in Stockholm, a highly anticipated listing that would be Europe’s largest such deal in three years.

The proceeds will be used to pay down debt and finance an acquisition, according to a statementBloomberg Terminal on Wednesday. The offering would consist of new shares and €235 million will be raised from two existing investors.