NIQ Global Intelligence (NIQ) Registration Filing summary

Offering details and pricing

• 50,000,000 ordinary shares offered at an expected price range of $20.00–$24.00 per share, with an option for underwriters to purchase up to 7,500,000 additional shares within 30 days.

• Estimated net proceeds to the company are $1,024.7 million at a $22.00 midpoint price, after underwriting discounts and expenses.

• Shares will be listed on the NYSE under the symbol “NIQ”; post-offering, 295,000,000 shares will be outstanding.

Company overview and business model

• Operates a global consumer intelligence platform, providing brands and retailers with analytics and insights on consumer shopping behavior across 90+ countries.

• Solutions are deeply embedded in client workflows, supporting strategic decisions in sales, pricing, innovation, and marketing.

• Revenue model is predominantly subscription-based, with ~80% recurring revenue in 2024.

Financial performance and metrics

• 2024 revenue: $4.0 billion, up 18.9% from 2023, driven by the GfK acquisition and 6.2% organic constant currency growth.

• Adjusted EBITDA for 2024: $740.7 million (18.6% margin), up 24.3% year-over-year.

• Net loss attributable to NIQ: $722.7 million in 2024, up from $476.2 million in 2023, reflecting integration and transformation costs.

• Q1 2025 net dollar retention for Intelligence Subscription: 105%.

• As of March 31, 2025: $288.0 million in cash, $4.2 billion in long-term debt, and $402.2 million in shareholders’ equity.