After Spotify, this is Europe’s next major tech IPO

In what could become one of the largest IPOs for an European tech company this year, Dutch startup Adyen said yesterday that it plans to go public next month.

Like US firm Stripe, Adyen is a payment-processing platform. Its clients include Spotify, EasyJet, Uber, Mango, Netflix, and Vueling. Ebay recently ditched longtime partner PayPal and adopted Adyen as its payments system.

The Dutch firm, founded in 2006, chose a moment of extravagant growth to go public. Adyen’s volume of processed...

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