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Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.<\/span><\/p>\n The private equity-backed security company Verisure has announced plans to raise \u20ac3.1bn in an initial public offering in Stockholm, providing the latest signal of a reopening for new European listings.<\/p>\n Verisure, which is owned by the buyout investor Hellman & Friedman, could be priced at a more than \u20ac20bn enterprise valuation, in a deal that would be one of the largest European IPOs in recent years.<\/p>\n The company provides home alarm systems, and was first backed by Hellman & Friedman in 2011. Private equity firms have been under pressure from their own institutional backers to sell assets to return capital, although Hellman & Friedman is not selling any of its Verisure holding.<\/p>\n Verisure\u2019s plans mark a further uptick in European IPOs after a prolonged slowdown in recent years.<\/p>\n It joins other companies preparing European offerings in the coming months including Deutsche B\u00f6rse subsidiary ISS Stoxx and classifieds business Swiss Marketplace Group.<\/p>\n Switzerland-based SMG is expected to price at the top end of its SFr43 to SFr46 range, according to a term sheet seen by the Financial Times, another sign of rising confidence from investors.<\/p>\n Recommended<\/p>\n This would raise about SFr903mn ($1.1bn) and give SMG a market capitalisation of roughly SFr4.5bn, making it among the biggest listings in the Alpine country since the 2024 IPO of Galderma.\u00a0<\/p>\n The first day of trading for SMG, formed in 2021, is scheduled for Friday.<\/p>\n Verisure generated more than \u20ac1.8bn of revenues in the first half of the year, marking a close to 10 per cent increase in that period from the year before, according to its announcement. Adjusted earnings were \u20ac845mn.<\/p>\n Some of the IPO proceeds will be used to reduce the company\u2019s debt, and bolster its plans to expand in Europe and Latin America.<\/p>\n Additional reporting by Mercedes Ruehl, Switzerland correspondent<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Unlock the Editor\u2019s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The private equity-backed security company Verisure has announced plans to raise \u20ac3.1bn in an initial public offering in Stockholm, providing the latest signal of a reopening for new European listings. Verisure, which is owned by<\/p>\n","protected":false},"author":1,"featured_media":21909,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[3532,2071,3588,480,183,1242,1252,13425],"class_list":{"0":"post-21908","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-3-1bn","9":"tag-company","10":"tag-ipo","11":"tag-plans","12":"tag-raise","13":"tag-security","14":"tag-swedish","15":"tag-verisure"},"_links":{"self":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts\/21908","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21908"}],"version-history":[{"count":0,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts\/21908\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/media\/21909"}],"wp:attachment":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21908"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21908"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21908"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}