US-EU Index Rebalances / Quantitative Researcher, ORTEX

Dimitris Ioannidis

US-EU Index Rebalances / Quantitative Researcher

Global Financial Data and Analytics Platform

ORTEX

ORTEX is a global financial data and analytics platform providing real-time securities lending and short interest data, index rebalance data, holdings and insider transactions, trading signals, corporate actions and news,  stock machine learning and factor scores and other analytics. The majority of the data are downloadable and accessible through APIs.

Index Rebalance

<ul>
<li>
<a href="https://www.smartkarma.com/entities/verisure-holding-ab" target="_blank" data-smartkarma-citation="entities:43889:1" rel="noopener">Verisure Holding (VSURE SS)</a> is forecasted to be added at a market cap of ~$19bn following its IPO on 8 October.</li>
<li>
<a href="https://www.smartkarma.com/entities/metlen-energy-metals-plc" target="_blank" data-smartkarma-citation="entities:45704:1" rel="noopener">Metlen Energy &amp; Metals (MTLN LN)</a> is expected to be added at a market cap of ~$6bn due to a change of incorporation and primary listing from Greece to UK.</li>
<li>
<a href="https://www.smartkarma.com/entities/schibsted-asa" target="_blank" data-smartkarma-citation="entities:22250:1" rel="noopener">Vend Marketplaces ASA (VEND NO)</a> is projected to be added at a market cap of ~$6bn because of the unification of its share class structure.</li>
</ul>



Verisure Holding (VSURE SS) is forecasted to be added at a market cap of ~$19bn following its IPO on 8 October.

Metlen Energy &amp; Metals (MTLN LN) is expected to be added at a market cap of ~$6bn due to a change of incorporation and primary listing from Greece to UK.

Vend Marketplaces ASA (VEND NO) is projected to be added at a market cap of ~$6bn because of the unification of its share class structure.


STOXX Europe600 Dec25 Forecast: VSURE, VEND & MTLN Leading Top Additions

<ul>
<li>
<a href="https://www.smartkarma.com/entities/verisure-holding-ab" target="_blank" data-smartkarma-citation="entities:43889:1" rel="noopener">Verisure Holding (VSURE SS)</a> is set to go public on Nasdaq Stockholm on 8 October 2025 and is set to reach a market cap of up to $16.5bn.</li>
<li>
<a href="https://www.smartkarma.com/entities/verisure-holding-ab" target="_blank" data-smartkarma-citation="entities:43889:1" rel="noopener">Verisure Holding (VSURE SS)</a> is forecasted to be included in both Global indices, with the possibility of fast-entry in one.</li>
<li>
<a href="https://www.smartkarma.com/entities/verisure-holding-ab" target="_blank" data-smartkarma-citation="entities:43889:1" rel="noopener">Verisure Holding (VSURE SS)</a> is expected to be added to EU indices at the December 2025 review.</li>
</ul>



Verisure Holding (VSURE SS) is set to go public on Nasdaq Stockholm on 8 October 2025 and is set to reach a market cap of up to $16.5bn.

Verisure Holding (VSURE SS) is forecasted to be included in both Global indices, with the possibility of fast-entry in one.

Verisure Holding (VSURE SS) is expected to be added to EU indices at the December 2025 review.


Verisure (VSURE SS): IPO Fast-Entry Potential into Global Index

Director, Hiber Capital Management

Juan Pedro Rodríguez Serrate

Director

Hiber Capital Management

Equity Capital Markets

Verisure Holding / Equity Capital Markets

<ul>
<li>Verisure offers a resilient, recurring-revenue model with strong growth visibility and leading share in Europe’s underpenetrated home security market. </li>
<li>IPO valuation implies a small, justified premium to security peers, reflecting superior margins, scalability, and customer stickiness.</li>
<li>Despite high leverage, Verisure’s predictable cash flow and market leadership support solid post-IPO trading potential.</li>
</ul>


Verisure offers a resilient, recurring-revenue model with strong growth visibility and leading share in Europe’s underpenetrated home security market. 
IPO valuation implies a small, justified premium to security peers, reflecting superior margins, scalability, and customer stickiness.
Despite high leverage, Verisure’s predictable cash flow and market leadership support solid post-IPO trading potential.


Verisure: Justified Small IPO Premium to Peers Reflects Quality and Growth Profile

Smartkarma AI, Smartkarma

αSK

Smartkarma AI

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Equity Bottom-Up

<ul>
 <li>Verisure is the leading provider of professionally monitored security services in Europe and Latin America, poised for a significant IPO on Nasdaq Stockholm with a potential market capitalization of €12.9–€13.9 billion.</li>
 <li>The company's business model is built on a highly resilient, subscription-based revenue stream, with approximately 90% of its €3.4 billion in 2024 revenue coming from recurring subscriptions, driving strong, consistent cash flow.</li>
 <li>Significant growth potential exists due to the low penetration of monitored security services in Verisure's core European markets (around 4%) compared to the U.S. (around 23%), providing a long runway for customer acquisition and expansion.</li>
</ul>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.


  Verisure is the leading provider of professionally monitored security services in Europe and Latin America, poised for a significant IPO on Nasdaq Stockholm with a potential market capitalization of €12.9–€13.9 billion.
  The company's business model is built on a highly resilient, subscription-based revenue stream, with approximately 90% of its €3.4 billion in 2024 revenue coming from recurring subscriptions, driving strong, consistent cash flow.
  Significant growth potential exists due to the low penetration of monitored security services in Verisure's core European markets (around 4%) compared to the U.S. (around 23%), providing a long runway for customer acquisition and expansion.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Primer: Verisure Holding (VERISR SS) - Sep 2025

Senior Credit Analyst, Lucror Analytics

Leonard Law, CFA

Senior Credit Analyst

High Yield Experts

Lucror Analytics

Lucror Analytics is a leading credit and ESG research specialist and a provider of technology solutions for differentiated fixed income strategies. Our roots are in bottom-up fundamental credit analysis with a specialization in high yield corporate credits from Europe, Asia and Latin America. We are one of few research specialists integrating ESG considerations with fundamental credit research through a dedicated ESG platform. Our ESG assessment covers five key criteria: Disclosure, E,S, & G Pillars, Controversies, ESG Impact on Credit and ESG Momentum.

Recognizing the importance and value-add of Factor Investing in fixed income, Lucror developed the Smart Quant Navigator (SQN), an intuitive platform that helps clients devise and implement factor-based strategies ranging from pure quant to active fundamental, with integrated ESG.

Our company has been at the forefront of developments in the fixed income markets, identifying opportunities and consistently delivering new products and value-adding solutions to clients. Lucror has close relationships with the largest and most reputable asset managers, family offices, hedge funds, investment and wealth managers globally.

Lucror Analytics' ESG Scores are based on a 3-tiered scale and are adjusted for Controversies (if applicable). We assess Verisure's ESG as "Strong", in line with its Social score, while the Environmental and Governance scores are "Adequate". Controversies are "Immaterial" and Disclosure is "Strong".

Lucror Analytics' ESG Scores are based on a 3-tiered scale and are adjusted for Controversies (if applicable). We assess Verisure's ESG as "Strong", in line with its Social score, while the Environmental and Governance scores are "Adequate". Controversies are "Immaterial" and Disclosure is "Strong". 

Sweden

Verisure Holding AB operates as a holding company. The Company, through its subsidiaries, designs, sells, and installs burglar alarms, water and smoke detectors, security panels, smart plugs, inertia sensors, cameras, and voting units. Verisure Holding serves customers worldwide.

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Verisure Holding (VSURE SS)

STOXX Europe600 Dec25 Forecast: VSURE, VEND & MTLN Leading Top Additions

VSURE or MTLN may be added ahead of the review as a replacement following KKR’s cash acquisition of Spectris (SXS), which is expected to close on 3...

Dimitris Ioannidis

Verisure (VSURE SS): IPO Fast-Entry Potential into Global Index

VSURE opened today above its offer price and currently exceeds the float cap threshold, positioning it for potential fast-entry into Global All...

Dimitris Ioannidis

Verisure: Justified Small IPO Premium to Peers Reflects Quality and Growth Profile

Verisure's IPO showcases its strong position in Europe's home security market with solid growth potential and customer loyalty, despite high...

Juan Pedro Rodríguez Serrate

Primer: Verisure Holding (VERISR SS) - Sep 2025

Verisure is the leading provider of professionally monitored security services in Europe and Latin America, poised for a significant IPO on...

αSK

Verisure - ESG Report - Lucror Analytics

Lucror Analytics' ESG Scores are based on a 3-tiered scale and are adjusted for Controversies (if applicable). We assess Verisure's ESG as...

Lucror Analytics

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STOXX Europe600 Dec25 Forecast: VSURE, VEND & MTLN Leading Top Additions

VSURE or MTLN may be added ahead of the review as a replacement following KKR’s cash acquisition of Spectris (SXS), which is expected to close on 3...

Dimitris Ioannidis

Verisure (VSURE SS): IPO Fast-Entry Potential into Global Index

VSURE opened today above its offer price and currently exceeds the float cap threshold, positioning it for potential fast-entry into Global All...

Dimitris Ioannidis

Verisure: Justified Small IPO Premium to Peers Reflects Quality and Growth Profile

​Verisure's IPO showcases its strong position in Europe's home security market with solid growth potential and customer loyalty, despite high...

Juan Pedro Rodríguez Serrate

Primer: Verisure Holding (VERISR SS) - Sep 2025

Verisure is the leading provider of professionally monitored security services in Europe and Latin America, poised for a significant IPO on...

αSK

Verisure - ESG Report - Lucror Analytics

Lucror Analytics' ESG Scores are based on a 3-tiered scale and are adjusted for Controversies (if applicable). We assess Verisure's ESG as...

Lucror Analytics

Verisure's IPO showcases its strong position in Europe's home security market with solid growth potential and customer loyalty, despite high...