Dutch payment solutions provider Adyen NV raised €947 million in its IPO, which was multiple times oversubscribed.
Investors sold 3,945,362 shares, representing about 13.4% of the shares, assuming the overallotment option is exercised in full. The offer price was set at €240 per share, implying a market capitalization of €7.1 billion.
The listing and trading of the shares will begin June 13 on an "if-and-when-delivered" basis on Euronext in Amsterdam under the symbol ADYEN.
The offering is expected to close and settle, and the unconditional trading is expected to start, on June 15.
Morgan Stanley & Co. International PLC and J.P. Morgan Securities PLC acted as joint global coordinators and joint book runners. ABN Amro Bank NV, Bank of America Merrill Lynch and Citigroup Global Markets Ltd. served as joint book runners. J.P. Morgan Securities is acting as stabilization agent.