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 stock exchanges in Europe opened with strong minuses on Tuesday following heavy exchange losses in Asia and on Wall Street. The AEX index on Beursplein 5 in Amsterdam recorded 3.5 percent lower at 523.69 points shortly after start of trading. All 25 main funds were in the red, AD reports.
The MidKap plunged 3.8 percent to 785.67 points and the stock exchanges in London, Paris and Frankfurt saw a 3 percent drop in value.
The top executives of companies listed on the Amsterdam stock exchange AEX earned an average of 5 million euros last year, about 1 percent more than the year before, according to an analysis done by the Volkskrant.
The news that Donald Trump, not Hillary Clinton, is almost certainly the new president of the United States sent most world markets into the red. The main European markets, including the AEX, opened with losses of around 3 percent, NOS reports.
The United Kingdom's decision to leave the European Union in the Brexit referendum on Thursday, resulted in a dark day for the global financial markets on Friday. The Amsterdam stock exchange (AEX) plummeted 9 percent from 449.86 to 410.66 points, the Volkskrant reports.
The Euronext Amsterdam stock market suffered its biggest loss in ten years on Monday, plunging to a loss of almost nine percent. Dubbed AEX, the Amsterdam exchange is currently standing on 404 points, suggesting that the ongoing Chinese stock market crisis has managed to evaporate the whole year's earnings in a matter of weeks.
The Amsterdam stock exchange opened the AEX significantly lower on Monday morning due to the escalation of the Greek financial crisis.
Most companies do not invest enough in their cyber security, writes the consultancy company KPMG in their Cybersecurity Benchmark report. Only 40 percent of companies listed on the Euronext Amsterdam and its Index Midkap handle the issue on the top executive level, the company notes.
New research by Dutch bank ING suggests consumer confidence in the Netherlands economy has fallen for the first time in a year. The report, published Wednesday, shows that some 70 percent of people living in the country see unemployment as the biggest problem facing the economy.