Deals

Verisure Jumps in Debut for Europe’s Biggest IPO Since 2022

The Nasdaq Swedish Stock Exchange ahead of the Verisure IPO, in Stockholm, on Oct. 8.Photographer: Erik Flyg/Bloomberg

Security services group Verisure Plc’s shares rallied in its first day of trading, after the initial public offering raised about €3.2 billion ($3.72 billion) in the largest European debut in three years.

Shares in the firm closed at €16 apiece in Stockholm on Wednesday, 21% above the offering price of €13.25 each. Verisure is the largest IPO in Sweden since 2000, cementing the Nordic country as the top European exchange for IPO fundraising so far this year.