European payments processing company Adyen has announced plans to go public in a listing in Amsterdam later this year that could value it up to €9bn (£8bn)
The company, which is headquartered in Amsterdam, provides a payments processing technology for companies which can integrate online card payments with offline transactions. It is used by many large technology companies including Uber, Spotify and Facebook.
Shareholders intend to sell 15pc of the company’s shares in the flotation, Adyen said. The company processed €108bn in payments in 2017, and brought in €218m in net revenue. The business has been profitable since 2011.
Adyen is aiming for a valuation between €6bn and €9bn, which would make...