Dutch payments processor Adyen will be floated on the Amsterdam stock exchange on June 13, according to the company prospectus which was published on Tuesday.
Adyen plans to sell a maximum of 4.19 million shares to institutional investors at a price of between €220 and €240 per share. No new shares are being issued and existing shareholders are selling up to a 14.2% stake of their holdings.
In total 12.7% percent of the company’s share capital is being sold. If the IPO proceeds according to play, Adyen could race up to €947m, valuing the company at up to €7bn.
Adyen said last month that it would launch in Amsterdam in June. The IPO will be the largest since the re-launch of ABN Amro bank in 2015.
The company serves as link between physical stores and webstores on the one hand and banks and credit card companies on the other. Its payment platform is used by such companies as Facebook, Uber and eBay and the Bijenkorf, Coolblue and Rituals in the Netherlands.
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 last month.
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