Dutch payments company Adyen to list in June
Adyen, a major Dutch company that processes payments for companies such as Airbnb, Uber, Spotify and Netflix, confirmed it plans to list its shares publicly in Amsterdam. The company announced it will go public on the Euronext stock market next month.
The initial public offering is expected to value Adyen’s equity at between 6 and 9 billion euros. This would make it the largest European tech IPO since Spotify went public. Adyen says existing shareholders are planning to sell around 15 percent of the company’s share in the IPO.
‘Freedom to keep building the company’
Co-founder and CEO Pieter van der Does says he has the feeling that Adyen is still in the early stages of a remarkable journey. “Our focus remains on building new functionality and on helping our merchants grow. This offering provides us with the freedom to keep building the company, while offering our shareholders a path to liquidity. Adyen will remain a company that is driven by a long-term vision and strategy”, he emphasized.
Adyen was founded in the Netherlands in 2006 and offers a single platform that enables merchants to accept and process payments. Las year, the company processed 108 billion euros of payments for several thousand merchants across the globe, including big names like Facebook, Etsy, L’Oréal and Vodafone. Also last year, the company obtained a banking license in Europe.