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Adyen confirms an IPO in Amsterdam, valuing the payments giant at $7B-$11B
2018-05-24T08:18:28Z - Ingrid Lunden / TechCrunch
It confirmed will be selling up to 15 percent of its shares, valued at a valuation of between €6 billion and €9 billion ($7 billion – $11 billion) after the IPO. Competing against the likes of Worldpay and PayPal, Adyen stole a march on the latter when it moved in to become the primary payments provider to eBay. After the former parent of PayPal spun out the company, it subsequenly put the deal out for tender and Adyen clinched it. “This offering provides us with the freedom to keep building the company, while offering our shareholders a path to liquidity. It will also be worth watching to see what happens next: last week, just one week after another European payments company iZettle announced its own IPO plans, it got snapped up by PayPal.

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