Payment-Tech Company Adyen Soars in European Market Debut

WSJ.com: WSJD - Technology 

Adyen's stock closed up 90% to €455 from its initial offering price of €240, which was already at the high end of its expected price range. The near doubling of the stock was the largest first-day increase since 2000 for a European-listed IPO that raised more than €500 million, according to Dealogic. The closing price gave Adyen a valuation of €13.4 billion ($15.8 billion), compared with the €7.1 billion valuation derived from its IPO price. Adyen is the largest technology IPO in Europe this year, and one of the largest tech companies to go public in the Amsterdam exchange, according to Dealogic. Adyen's software allows tech giants like Netflix Inc. and Spotify Technology SA and retailers like Tory Burch and Sephora to accept payments both online and offline in dozens of countries and currencies through a single platform.

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