Adyen sets price range for €6-7bn IPO

First day of trading is expected to take place on 13 June 2018.

The offering will consist of a private placement of up to 4,189,102 shares. Assuming no exercise of the overallotment option, the offered shares represent up to approximately 12.7% of the company's issued and outstanding share capital.

The company will not receive any proceeds from the sale of the shares.

Assuming the overallotment option is exercised in full and assuming full placement of the offered shares, the value of the offering will be between €922-947m and will correspond to a maximum of approximately 14.2% of the total number of outstanding shares in Adyen upon completion of the offering. 

Index and Felicis Ventures invested $16m in Adyen in June 2013, acquiring a minority stake.

The business then raised $250m in a round led by General Atlantic, with participation from Index Ventures, Felicis Ventures and Temasek, in Q4 2014. 

Founded in 2006 and headquartered in Amsterdam, Adyen is a payments technology company. Adyen primarily targets large global companies as well as an increasing number of domestic and mid-market merchants. Uber, Spotify and Netflix are among its clients.

Adyen generated a turnover of €218m in 2017, representing 38% growth compared to 2016, and EBITDA of €99m.

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