Adyen’s IPO starts strong as stock soars 70%, valuing Dutch fintech company at $14 billion

Netherlands-based Adyen’s IPO got an enthusiastic reception from investors, as its stock surged 70 percent on the first day of trading. The company had priced its stock at €240 ($281) per share on Tuesday, giving the company a valuation of $8.4 billion. When trading began on Euronext Amsterdam on Wednesday, the price rose to €400 ($470) for a $14 billion valuation.

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