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.
Hague business bank NIBC offered its three top executives each a bonus of over a million euros if they stay at the bank for four years after it's IPO. The bonus is intended to guarantee the stability and continuity of the bank. Union FNV is furious, NOS reports.
SNS Bank will remain in Dutch government hands for a while longer. Finance Minister Jeroen Dijsselbloem decided to postpone a decision on the bank's IPO until after the elections next year. This means the future of the bank will be in the next government's hands
Dutch provinces are calling on the government for more money to maintain national monuments. Without a realistic budget, many monuments may go lost, according to inter-provincial association IPO
Insurance firm ASR hit the Amsterdam stock exchange at 19.50 euros per share on Friday. The total valuation thus amounts to over 2.9 billion euros
Philips' Lighting division is heading to the stock exchange in Amsterdam, the electronics company announced on Tuesday. Philips wants to give its complete attention to health technology and is therefore splitting from the lighting division
ABN Amro hits the public market on Friday at 17.75 euros per share, in line with what was expected. Trading starts on Euronext Amsterdam at 9:00 a.m. with the stock symbol of AMS:ABN
Finance Minister Jeroen Dijsselbloem believes that ABN Amro is ready for its Initial Public Offering, which is scheduled for November 20th. Though he does not want to make any prediction on whether or not the Dutch state will be able to recover the 22 billion euros in state aid completely.
ABN Amro is set to go public on November 20th. Shares will cost between 16 and 20 euros and may eventually bring 18.8 billion euros in for the State.
The Dutch bank ABN AMRO has reached a 55 million euro settlement agreement with housing corporation Vestia, just ahead of the company’s jump onto the public stock market through its IPO scheduled for November. The settlement will end the dispute between the two companies over derivative transactions.
ABN Amro's IPO could bring in between 17 and 19 billion euros, quite a bit more than the State has claimed so far.
The Amsterdam flash trader Flow Traders hopes to make about half a billion euros with an IPO on Friday. The company is placing 40 percent of its shares on the market - not because the company needs the capital, but because investment company Summit wants to cash in its 30 percent of the shares
The Dutch government has approved the sale of the nationalized bank ABN Amro, taken over by the Netherlands in October 2008 during the global economic crisis. The cabinet gave the go ahead on Friday, according to broadcaster NOS.
The Netherlands Council of Ministers is expected to make a decision on whether or not to push forward with a sell-off of state-owned bank ABN Amro, sources inside parliament told newswire ANP. The government was supposed to make a decision about the sale two months ago, but it was sidetracked when the bank's executive board offered themselves a salary hike, causing a public uproar.
In the first quarter of 2015, the market value of Dutch companies listed on Amsterdam's stock exchange, Euronext Amsterdam, rose to 735 billion Euros, reports the Dutch Central Bank (DNB). Compared to the previous quarter, it grew by 101 billion. This is the largest absolute increase since the last quarter of 1999.
ABN Amro executives are concerned about disagreements on asylum seekers between the coalition parties, reports FD based on interviews with top bank employees. The management is afraid that these disagreements may result in fall of the cabinet and delay the bank’s IPO.
The ABN Amro spin-off unto the public market might happen this year after all as the government continues working to list the bank back on the stock market, Prime Minister Mark Rutte said in his weekly press conference after the Cabinet meeting. He says he still has confidence in the leadership of ABN Amro even after the "climate of unrest" from postponing the IPO decision after recent turmoil surrounding the approval of pay raises of the ABN Amro executive board.
Minister Jeroen Dijsselbloem of Finance has decided to postpone the planned sale of ABN Amro due to the recent turmoil surrounding the salary increases for the bank's executives, De Gelderlander reports. Dijsselbloem previously told the Tweede Kamer that the decision about ABN Amro's IPO would be made before April 1st.
Minister Jeroen Dijsselbloem of Finance will reveal the plans regarding ABN Amro's IPO this morning. It is believed that the national bank will return to the stock market after summer, RTL reports.
ABN Amro and Fortis were nationalized in October 2008 for a sum of over 30 billion euros. The Dutch state has since then recovered some of that through dividends. The IPO is expected to bring in around 15 billion euros. The part that is expected to be placed on the stock market largely consists of ABN Amro's Dutch activities.
Dutch electronics group Philips is planning an initial public offering of its lighting business in 2016, reports Wall Street Journal. This follows the announcement made in September about the company splitting into two and spinning off its lighting branch.
ABN Amro wants more protection against possible hostile takeovers on the stock market, De Telegraaf reports.