Payment company Adyen goes public

Amsterdam-based payment company Adyen is to get a listing on the Amsterdam exchange. Since it was first founded in 2006, Adyen has been one of the fastest growing fintech companies in the Netherlands. 

As a payment company, it links e-commerce platforms and (web)shops to banks and credit card companies. Through its platform, Adyen processes billions in online payments for global players such as Facebook, Uber, Ebay, and Netflix. Bijenkorf, Marktplaats, and Coolblue are a few of its well-known Dutch customers.

The IPO is primarily intended as an ‘exit’ option for current shareholders, who will be putting up approximately 13% of all the company’s existing shares, available only to institutional investors. No new shares will be issued. 

The IPO has a modest character, without the usual ceremonial sounding of the gong, but is met with great interest nonetheless. On the first trading day, the share price rose from € 240 to € 455, equating to a total market cap of almost €14 billion. This makes it one of the largest IPOs in Amsterdam in years.