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Screenshot of a breaking news alert e-mail from Q2 2017
Adyen N.V. (ticker symbol: ADYEN), a technology company offering payment processing services worldwide, has announced that it began trading today on Euronext Amsterdam. The listing follows the company’s Initial Public Offering (IPO), with a total offering of € 849 million.
Based on the offering price set at €240 per share, market capitalization of Adyen N.V. on the day of listing was around €7.1 billion.
The company, headquartered in Amsterdam, has built an efficient single platform that enables the acceptance and processing of cards and local payments globally across it merchants’ online, mobile and point of sale (POS) channels. Adyen’s global platform has integrated and simplified the payments value chain, enabling it to partner with large merchants to rapidly scale their businesses both locally and globally, without the varied inefficiencies inherent in traditional payment platforms. Adyen aims to change the payments industry, which traditionally comprised a patchwork of providers and legacy systems resulting in fragmented merchant services.
Since 2014, close to 100 tech companies have gone public on Euronext markets, choosing Euronext to facilitate and support their strategic growth ambitions. Euronext’s pan-European platform spans a vast range of subsectors with more than 350 listed tech companies in Digital Services, CleanTech, Biotech, Medtech, TMT, Software, IT Consulting and Technology Hardware. These companies represent a total market capitalization close to €80 billion.