Adyen IPO price set at €240 per share

Amsterdam based fintech company Adyen set the price of its initial public offering at 240 euros per share. That gives the payment service provider a valuation of over 7 billion euros, ANP reports.

Adyen previously offered its shares to selected investors for an indicative price of between 220 euros and 240 euros each. The company is debuting on the Amsterdam stock exchange on Wednesday.

"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 previously said to RTL Nieuws.

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.