Adyen aims for a $1B IPO, valuing the payments startup at up to $8.3B when it lists on June 13

Netherlands-based payments startup Adyen, which competes against the likes of PayPal and Stripe to power payment services both to online and physical retailers, has published more details on its intention to go public. The company will be raising between €922 million and €947 million (approximately $1 billion and $1.1 billion) June 5-12, before it opens for trading on the Euronext Amsterdam on June 13. If all goes to plan, the sale will give Adyen a market capitalization of between €6.5 billion and €7.1 billion ($7.6 billion – $8.3 billion). The company counts Uber and Netflix among its customers, and earlier this year it picked up a key client in the form of eBay.

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