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.
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.
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.
The city of Amsterdam teamed up with Amsterdam-based technology companies for a new project aimed at attracting international talent to the Dutch capital. Ten innovative tech companies collaborated and came up with 10 "future-defining"' projects, for which they are looking for highly skilled international talent to work on and to "strengthen the capital's already extraordinary talent pool", Startup Amsterdam announced in a press release.
The global payment technology firm Adyen has announced on Tuesday that the company has taken on €250 million in investment. The successful securities offering was lead by growth equity investor, General Atlantic, in collaboration with Temasek, Index Ventures and Felicis Ventures.