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Big first day for fintech firm Adyen

Jun. 13, 2018 4:17 AM ETAdyen N.V. (ADYEY) StockADYEYBy: Yoel Minkoff, SA News Editor6 Comments
  • Demand for Dutch fintech firm Adyen (ADYEN) saw shares surge over 66% at the market open in Amsterdam, in what was one of Europe's biggest technology IPOs in recent times.
  • The stock hit a high of €427.9, giving the company a valuation of €12.6B.
  • Adyen is a payments processing firm that works with customers including Netflix, Facebook and Spotify, but also sells points of sales systems for physical stores.
  • Update: Shares have surged more than 100% to €503.9, resulting in a market cap of €14.8B.

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