VentureBeat
Amsterdam-based Adyen officially filed to IPO in its home country in a deal that would value the company at up to $8.3 billion. However, in a somewhat unusual move, the entire proceeds of the IPO will go to insiders selling stock, an amount that could go as high as $1.1 billion. The company says it will raise no money for itself in the process.
“We feel that we are still in the early stages of a remarkable journey,” said Adyen cofounder and CEO Pieter van der Does, in a statement. “Our focus remains on building new functionality and on helping our merchants grow. This offering provides us with the freedom to keep building the company while offering our shareholders a path to liquidity. Adyen will remain a company that is driven by a long-term vision and strategy.”
The Adyen IPO would be the biggest European tech public offering since the Spotify IPO that valued the Swedish company at around $26 billion.
Source

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Current month ye@r day *