Adyen, the Netherlands’ fintech unicorn, announced last month their IPO. This Wednesday, the payments processor doubled its share value after launching its public exit on Euronext Amsterdam.
Three weeks ago, the Dutch fintech unveiled their will to go public, aiming for a USD 9 billion valuation by selling 15% of their shares. Adyen indeed decided not to emit new ones, but stakeholders instead sold existing shares.
After being listed on Euronext this Wednesday, the share price doubled starting at EUR 240 and rising up to EUR 503 in the morning after its market debut, pushing its valuation near to EUR 15 billion. This IPO is one of the most prominent in European fintech.
So far, 2018 has been a golden year for the payment processor. Earlier this year, Adyen replaced PayPal as main payment processor on Ebay, adding the retail giant to its user list including Netflix, Facebook and Uber. The firm also secured a banking license from the Dutch financial authorities, preparing to confront incumbents in the markets. The Dutch organisation is debt-free and displays a healthy business model.