A Dutch payments company that works with the likes of Netflix and Uber has secured a bumper €12bn (£10.57bn) valuation on its first day of trading.
Adyen, which provides backend payment services for online transactions, began trading on Amsterdam’s Euronext exchange on Wednesday.
It saw its share price more than double in its early hours of trading, jumping from its €240 listing price on Tuesday, opening at €400 per share on Wednesday before surging to €480. The shares closed around €455.
Adyen has seen payment volumes grow significantly, creating a European rival to US giant PayPal with around around €108bn in transactions in the year ending 2017 – although PayPal currently processes around…