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The IPO price will likely be at least a 3x increase from it's last valuation of $2.3b, set in 2015. As part of the offering, the company will be selling up to 15 percent of its shares.
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Adyen said in the prospectus that its net revenues for the year that ended December 2017 were €218 million, up 38 percent on 2016, with total processed volumes of €108 billion in 2017 up from €66 billion in 2016, or 63 percent growth. It’s also profitable, with an EBITDA of €99 million, or a margin of 45.5 percent. Net income for Q1 was €24.1 million, up €10 million over the same period a year before.
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