Security Firm Verisure Plans IPO, to Raise $3.67 Billion

Switzerland-based Verisure, the leading provider of professionally monitored security services in Europe and Latin America, on Wednesday announced its intention to launch an initial public offering (IPO) of its shares, and to list them on Nasdaq Stockholm.

The offering is expected to consist of the issuance of new shares by the company to raise gross proceeds of approximately $3.67 billion of which approximately $278.44 million is expected to be raised from two existing investors, Alba Investments S.à r.l. and Securholds Spain S.L., who both wish to increase their economic exposure to the Company.

Since selling its first system in Sweden in 1988, Verisure has expanded continuously to become the clear leader in its geographic footprint, with a portfolio size that is estimated to be over five times larger than the second largest player across the geographies where Verisure operates. In 13 of its 17 geographies, Verisure is the #1 provider of monitored security services by number of customers served.

Verisure has a strong track record of profitable and resilient growth. From 2014 to 2024, Verisure more than tripled its customer base, reported increase in revenues by 10.3% to $4.03 billion in 2024, with adjusted earnings before interest and tax (EBITDA) of $970.02 million, up 24% on 2023.

Despite this growth, penetration of monitored security in Verisure’s markets remains low, estimated at approximately 4% of homes and small businesses, compared to approximately 23% in the United States. This underlines the substantial growth headroom, offering new investors the opportunity to participate in the Company’s next phase of value creation.

Significant Milestone

Verisure CEO Austin Lally said that the announcement is a significant milestone for Verisure. While the company is well established as the market leader, they were only just getting started with a long runway ahead.

The company will continue to innovate and enrich their proposition to protect the customers, delivering leading technology, first-to-market product and service launches, and a deep commitment to protecting what matters most.

“We are proud of our Swedish roots and our listing on Nasdaq Stockholm is a natural evolution of a growth story that began over 35 years ago in Sweden. We are excited about the opportunities ahead to expand our impact and create lasting value, together with our colleagues, customers, partners, and shareholders,” he added.

Stefan Goetz, Chairman of the Board of Directors of Verisure and Partner at Hellman & Friedman, said that Verisure has gone from strength to strength, with a long record of organic growth, margin expansion and strong cash generation.

Stefan added: “As Verisure transitions to the public markets, we see significant opportunity ahead and look forward to continuing to support Verisure as committed, long-term shareholders.”

The IPO will broaden Verisure’s shareholder base, increase awareness among customers and stakeholders and provide access to Swedish and international capital markets. The proceeds will further strengthen the company’s balance sheet and reduce net leverage to approximately 3.0x at IPO, supporting continued growth in Europe and Latin America.