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Adyen card payment terminal
Adyen card payment terminal - Credit: Alper Çuğun / Wikimedia Commons - License: CC-BY
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Tuesday, 5 June 2018 - 14:10

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Amsterdam fintech Adyen's IPO scheduled for 13 June

Amsterdam fintech company Adyen will debut on the Amsterdam stock exchange on June 13th under the symbol ADYEN. As of Tuesday, selected investors can already buy shares for a price between 220 and 240 euros. With that, Adyen is valued at between 6.5 billion and 7.1 billion euros. The issue price for normal investors will be announced on June 12th, RTL Nieuws reports.

Adyen is a payment platform that makes electronic payments possible. Customers of the Amsterdam based fintech company include Facebook, Netflix, Spotify and Coolblue. Last year 108 billion euros worth of payments were made via Adyen. The company booked a turnover of 218 million euros and a gross profit of 99 million euros.

Up to the first day of trading next week Wednesday, a total of 4.19 million shares are offered, 12.7 percent of all shares. If there is a lot of interest, another 400 thousand shares will be offered.

"This IPO gives us the freedom to continue building the company, and our shareholders a path to liquidity", co-founder and CEO Pieter van der Does said.

One of Adyen's current shareholders is Princess Mabel van Oranje. At today's issue price, her total shares in Adyen are worth at least 120 million euros, according to the broadcaster. The shares that she is selling now are worth at least 37.6 million euros. If the second bunch of shares also goes on offer, her return will increase to a minimum of 39.6 million euros.

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