13 June 2018
- Hans Beerlage, Han Teerink, Marian Scheele, Alex Bafi, Olivier Plessis, Jurgen van der Meer, Mark Jan Arends, Floris Van de Bult, Michiel Sunderman, Evert van der Kaa, Sara Schermerhorn, Bauke de Vries, Tjerk De Jonge
- Amsterdam, Paris, London, Luxembourg
Clifford Chance is advising global payments platform Adyen on IPO and listing of Adyen's shares on Euronext Amsterdam
Pricing of the IPO took place on Tuesday 12 June 2018 and trading in the shares of the company, which is considered the only Dutch Fintech unicorn, commenced on 13 June 2018.
The IPO was priced at EUR 240 per share which values Adyen at approximately EUR 7.1 billion. If the over-allotment option is fully exercised, approximately 14.2% of the shares in Adyen will be sold in the IPO. This would result in a total deal size of approximately EUR 1 billion. The transaction solidifies Clifford Chance's strong relationship with Adyen, and further extends its market-leading track record acting on high profile Fintech transactions and IPOs of financial institutions, having acted on the recent Euronext Amsterdam listings of NIBC, ASR and Flow Traders.
The Clifford Chance team was led by Hans Beerlage and Han Teerink in Amsterdam, with Marian Scheele leading all financial regulatory aspects of the transaction and Alex Bafi leading the US securities and disclosure aspects, assisted by Olivier Plessis and Ryan Bosch (all three Paris). The team also included Evert van der Kaa, Tom Smeele, Katja Busuladzic and Sophie Wijdeveld (ECM), Jurgen van der Meer and Bauke de Vries (Regulatory), Mark Jan Arends, Tjerk de Jonge and Kyra Geerts (Notary), Floris van de Bult, Sara Schermerhorn and Bart Bootsma (HR) and Michiel Sunderman (Tax) from the Amsterdam office. Patrick Meson (London) and Lauren Harris (Luxembourg) were also involved.