Shurgard Self Storage is planning to raise up to €575m and join Euronext Brussels on 15 October.

The operator of self-storage centres in Europe announced the launch of its initial public offering by offering investors up to 25m shares at a price range of €23 to €28 a share to raise up to €575m.

If the shares are fully subscribed by investors, the company will have a market capitalisation of between €2.0bn and €2.4bn.

Shurgard is the largest owner and operator of self-storage facilities in Europe with 228 self-storage centres in 7 countries.

Shurgard is partly owned by Public Storage, a US operator of self-storage facilities.