London set to miss out on €20bn float of security group Verisure

News Snapshot:

The owners of Verisure, a provider of domestic alarm systems, are leaning towards a €20bn (£16.7bn) flotation in Amsterdam – a decision that would deliver another blow to London's hopes of capitalising on a revival in the market for major initial public offerings (IPOs). Sky News has learnt Euronext Amsterdam is emerging as the likeliest destination for a listing of Verisure following preliminary talks with a group of investment banks angling to work on the deal. Sources close to Verisure insisted on Monday no final decision about whether to proceed with an IPO, or its venue, had been taken. They...