Adyen have launched on the Dutch Euronext Exchange raising €1.1 billion in their IPO with shares valued at €240. That changed instantly the stock market started trading with Adyen shares jumping to €400 and steadily climbing until currently they are trading at €499.
Adyen’s market cap is currently standing at €14.71 billion.
Doubtless the share price will stablise over the next few days, but currently it’s rocketed more than 100% since early this morning.
“Adyen is proof that even in a traditional and highly regulated industry, building a powerful, global business is possible. And there is still an astonishing amount of room for Adyen, and the fintech industry, to expand. Adyen processed €108 billion in transactions in 2017 out of total estimated global card purchases of $23 trillion, according to Nilsen. As more of the world’s 85% of offline transactions shift online, that figure can only grow.”
– Jan Hammer, Index Ventures Partner (Adyen early Investor)
It’s worth noting that if eBay’s new partnership with Adyen goes well that eBay could get options on 5% of Adyen shares bonus as part of their deal to roll out eBay Payments to replace their PayPal agreement. The share options will be based on performance and how much of eBay’s payments volume they divert to Adyen. As the default payment system on eBay has been PayPal there is little reason why most, if not all, of this payment volume will be diverted through Adyen who offer PayPal as an option.
