Next month’s  Amsterdam bourse launch of Adyen, the fast-growing and very profitable global electronics payments company, is expected to value the company at between €5bn and €10bn.

The IPO will be the largest since the re-launch of ABN Amro bank in 2015 the Financieele Dagblad reported on Thursday.

Growth companies like Adyen, founded in Amsterdam in 2006, are not valued by traditional methods, thus the wide margin. A closer valuation of the company will emerge on the road shows ahead of the bourse launch.

The last internal valuation of the company for its option programme at end-2017 put its value at €3bn.

Adyen’s payment platform is used by such companies as Facebook, Uber and eBay and the Bijenkorf, Coolblue and Rituals in the Netherlands. The company serves as link between physical stores and webstores on the one hand and banks and credit card companies on the other.

The IPO will give external investors  – Temasek, Iconic, Index Ventures and  General Atlantic have roughly 50% of the shares – an opportunity to cash in. In total about 15% of shares will be floated.

All of Adyen’s 750 staff, from top management down to the coffee lady will benefit from the IPO, as all have been granted stock options, the FD said.