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Story summary
- Verisure's IPO raised €3.2 billion, the largest European listing in three years, potentially reviving Europe’s IPO market.
- Shares rose 21% on debut, closing at €16, with over 60,000 new shareholders.
- Verisure, formerly Securitas Direct, secured a Ba1 credit rating upgrade after the IPO.
- Proceeds will reduce debt and fund the acquisition of ADT Mexico to expand in Latin America.
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