Amsterdam tech company Adyen announces IPO

Adyen card payment terminal
Adyen card payment terminal. Photo: Alper Çuğun / Wikimedia Commons

Payment service provider Adyen is heading for the Amsterdam stock exchange, the company announced on Thursday. The company, which is valued between 5 and 10 billion euros, will get its first listing in four weeks' time, according to Financieele Dagblad.

Adyen processes payments for thousands of large companies. Its customers include Facebook, Uber, Netflix and eBay, among others. The Amsterdam based company is considered one of the most promising technology companies in Europe, according to NU.nl.

This will be the largest IPO in the Netherlands since that of ABN Amro in 2015, according to FD. Adyen is only putting existing shares on the market. An interest of about 15 percent will be sold through a private placement with institutional investors in the United States and the Netherlands. More details will be announced later. 

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