"There are 14,000 competitors - a lot of people coming into this space," CEO Tim Whall said in an interview with TheStreet. "A lot of them have exited - what we do is hard."
The company is raising roughly $1.5 billion from the IPO and will use the money to pay down debt. ADT made four small acquisitions in 2017 and will continue to look for "target opportunities."
Watch TheStreet's investing interviews on Youtube
More From TheStreet: