Adyen aims for a $1B IPO, valuing the payments startup at up to $8.3B when it lists on June 13

Adyen aims for a $1B IPO, valuing the payments startup at up to $8.3B when it lists on June 13

6 years ago
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https://techcrunch.com/2018/06/05/adyen-aims-for-a-1b-ipo-valuing-the-payments-startup-at-up-to-8-3b-when-it-lists-on-june-13/

After announcing its intention to go public in May, today Adyen published more details with the finances filled in. The Netherlands-based payments startup — which competes against the likes of PayPal and Stripe to power payment services both to online and physical retailers — said that it will be raising between €922 million and €947 million (approximately $1 billion and $1.1 billion) June 5-12, before it opens for trading on the Euronext Amsterdam on June 13 trading as “ADYEN.” If all goes to plan, the sale will give Adyen a market capitalization of between €6.5 billion and €7.1 billion ($7.6 billion – $8.3 billion).

The 4,189,102 shares being sold bvalued at €220 and €240 per share represent 12.7 percent of the company’s issued and operating share capital, Adyen said.