J.P. Morgan leads Europe's biggest tech IPO of 2018
Published July 6, 2018 – With clients including Facebook, Netflix, Uber and Spotify, Adyen, a company that powers payments for thousands of merchants, has publicly listed on the Euronext Amsterdam Exchange. The Amsterdam-based startup has been solving for outdated payment infrastructures by building a platform that enables merchants to accept payments in a modernized, single system for their online, mobile and in-store sales.
J.P. Morgan led the $1.1 billion listing as the global coordinator and stabilization agent, overseeing Adyen’s first hours of trading as a public company in the largest technology IPO in Europe so far this year.
Adyen processed over $122 billion payments in 2017, an increase of 61% from the year before. The rapid growth of Adyen has not only been highly attractive to international investors, but its listing in Amsterdam also underscores the growing maturity of Europe’s tech IPO market.