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Listing comes amid broader revival in Europe's IPO market

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Verisure IPO multiple times oversubscribed

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Listing marks second time company goes public

(Updates shares in paragraphs 1 and 2, background on IPO market

in last two paragraphs)

STOCKHOLM, Oct 8 (Reuters) - Shares of security services

group Verisure soared on Wednesday, their first day

of trading on the Stockholm bourse, following the biggest

initial public offering of a European company so far this year,

LSEG data showed.

Verisure's shares initially leapt by 24.7% to a high of

16.53 euros per share in morning trade from a price of 13.25

euros set in the IPO, which had valued the group at 13.7 billion

euros ($15.9 billion). The stock traded at 15.64 euros by 1142

GMT.

The Switzerland-based alarm systems provider's float is the

latest in a broader revival in Europe's IPO market after a

sluggish first half of the year when several planned listings

were pulled due to trade tensions and concerns over conflict in

the Middle East.

STRONG INTEREST FROM INSTITUTIONAL INVESTORS, SWEDISH PUBLIC

Verisure, which had previously set a share price range of

between 12.25 and 13.50 euros, said in a statement the offering

was multiple times oversubscribed.

"The offering attracted strong interest from Swedish and

international institutional investors as well as the general

public in Sweden," it said.

Verisure, initially a unit of Sweden's Securitas

, was first listed in 2006 as Securitas Direct. Its

current majority owner is U.S. private equity firm Hellman &

Friedman.

The company unveiled in September that it planned to list on

Nasdaq Sweden and raise 3.1 billion euros.

It said on Wednesday that, if an overallotment option is

exercised in full, proceeds of the IPO will total around 3.6

billion euros.

In September, Swedish digital banking group Noba

soared in its Stockholm bourse debut following an IPO that had

valued the company at 44.5 billion crowns ($4.72 billion).

The same month, Sweden-based buy-now, pay-later fintech

Klarna ( KLAR ) also jumped in its stock market debut, in New

York. Klarna ( KLAR ) was among the big names to have shelved IPO plans

earlier this.

($1 = 0.8610 euros)

($1 = 9.4205 Swedish crowns)