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2025-09-17 19:10:13
[The IPO winter may be over, and low-priced listings will become the new normal] ⑴ A new wave of listings is emerging, but the market environment remains complex, which may mean that low-priced issuances will become the norm. Companies such as Swedish fintech company Klarna and security company Verisure are leading this recovery. Klarna's listing price was 40% lower than its competitors, reflecting the uncertainty that still exists in the current market. ⑵ As private equity funds line up to seek to take their companies public, sellers may need to accept transactions at lower prices. For example, Verisure, a security services company headquartered in Switzerland, announced plans to list on the Stockholm Stock Exchange, intending to raise 3.1 billion euros (about 3.7 billion US dollars). ⑶ Verisure said it plans to use the net proceeds from the IPO to strengthen its balance sheet, including refinancing some of its debt and funding its acquisition of ADT Mexico. In addition, Verisure expects to raise 235 million euros from existing investors Alba Investments and Securholds Spain
