Adyen doubles in debut in year's biggest European tech IPO

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Adyen NV, a Dutch payments processor whose clients include Netflix Inc. and Spotify Technology SA, more than doubled in its trading debut in Amsterdam.

The shares, which priced at 240 euros apiece in Europe’s biggest technology public offering of the year, reached 503.90 euros early Wednesday, before retreating to 436.55 euros by 1:10 p.m. local time. Adyen’s market value of 12.8 billion euros ($15.1 billion) already exceeds some long-established financial companies, such as Commerzbank AG.

Adyen made headlines this


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