Adyen: share price more than doubles in Amsterdam debut

(CercleFinance.com) - Adyen's shares more than doubled in their public trading debut on Wednesday, in the largest tech unicorn-IPO that has taken place in Europe in the last five years.


Shares of the Dutch fintech, which rose above the 500 euro threshold at one point during their first day of trading on Euronext Amsterdam, are currently trading at 477 euros, 98% above the IPO price of 240 euros.

Based on this price, the group has an estimated market capitalisation of around 14 billion euros.

Headquartered in Amsterdam, Adyen has simplified the payment chain by building a single platform that enables the acceptance and processing of cards and local payments globally across merchants' online, mobile and point of sale (POS) channels.

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