Dutch payments processor Adyen BV is weighing an IPO in as early as 2018 and is speaking to advisers about the potential listing, "people familiar with the matter" told Bloomberg News.
Adyen Co-founder and CEO Pieter van der Does said Dec. 7 that he believed that the company, which has not yet selected any bankers or targeted a date for an IPO, "should be in the public markets" eventually, according to the Dec. 8 report. The company has not yet made a final decision and could choose to stay private for longer, the sources reportedly said.
Van der Does added that Adyen's private investors are not pushing for a listing to cash out their interests in the company, since it is profitable and does not need additional funding.
The startup, which counts eight of the 10 biggest U.S. internet companies among its clients, generated revenue of $727 million in 2016 and handled $90 billion in transactions in the same year, the newswire reported. Reuters reported in June that Adyen was granted a European regional banking license in April by De Nederlandsche Bank NV.
