The digital payments company Adyen is in talks with investors about a possible IPO in Amsterdam, reports Dutch daily De Telegraaf. Its sources said the company aims to list by the summer, amid strong demand from investors.
The share offering could be up to 10 times oversubscribed, according to the report. If the demand holds, the company may increase the proposed share price or issue shares to selected investors.
Founded in 2006, Netherlands-based Adyen has grown into one of the world's biggest payment service providers. It handles online payments in dozens of countries and currencies, supporting both international standards such as credit cards as well as local systems like iDeal in the Netherlands. Most recently it secured eBay as a new customer, taking the contract from PayPal.
According to the latest figures available, Adyen handled some USD 90 billion in payments in 2016. The company's revenues doubled that year, to USD 727 million. It has 15 offices around the world, half of which are in Europe.
