Swiss-based home security company Verisure has been valued at €13.7 billion ($15.9 billion) after setting its IPO price at €13.25 per share, according to a company statement released Wednesday.
The listing, held on the Nasdaq Stockholm, marks one of Europe’s biggest IPOs in recent years and signals renewed momentum in the region’s capital markets following months of uncertainty.
Verisure’s offering was multiple times oversubscribed, attracting strong demand from both local and international investors. The company had earlier guided a price range of €12.25–€13.50 per share.
Originally part of Sweden’s Securitas, Verisure was spun off in 2006 as Securitas Direct and is now majority-owned by U.S. private equity firm Hellman & Friedman.
The IPO aims to raise approximately €3.1 billion, with total proceeds potentially reaching €3.6 billion if the overallotment option is fully exercised.
The successful float adds to growing optimism in Europe’s IPO market, which has been recovering after a sluggish first half of the year impacted by trade tensions and geopolitical concerns in the Middle East.
