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VC-Backed Dutch Fintech Sizzles After Pricing $1B IPO

Law360 (June 13, 2018, 6:07 PM EDT) -- Dutch financial technology startup Adyen BV saw shares boom in debut trading Wednesday after the venture-backed payments processor completed a $1 billion initial public offering, marking the third-largest IPO in Europe this year, advised by Clifford Chance LLP.

Amsterdam-based Adyen offered 3.5 million shares at €240 ($282.90) per share late on Tuesday, representing the top of the company's projected price range, raising €849 million. Adyen said its offering was multiple times oversubscribed with "strong demand from institutional investors." Its shares nearly doubled in debut trading on...
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