Verisure Plans €3.1 Billion IPO, Europe’s Biggest Since 2022 (3)

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 statement on Wednesday. The offering would consist of new shares and €235 million will be raised from two existing investors.

Verisure could be Europe’s biggest first-time share sale since Porsche AG’s blockbuster listing raised more than €9 billion in 2022, according to data compiled by Bloomberg. The firm is ...