Adyen: How does European poster child stack up against 7 biggest tech IPO openings

Not so long ago, the Netherlands-based Fintech Adyen announced its intention of going public on the Euronext Amsterdam exchange. As promised, the company went public last week with an initial price of €400 per share.

A couple of days back, the leading Dutch payment startup set the price of its initial public offering at €240 per share, giving the company, a valuation of over €7 billion.

Soon after the opening, Adyen’s share price rose 66 percent and peaked around €503 per share, after which it dropped to €440  and floated there for some time. With an increase over 80 percent, Adyen worth at that price point became more than €12.8 billion.

It’s worth mentioning the company has released only 12 percent of the share, which is approximately 3.5 million shares. However, a small stake of the company is with institutional investors, who tend to withhold it for themselves. 

Time and again, Adyen has proved itself as one of the most promising companies of the European Union, and today at Silicon Canals, we plan to compare Europe’s largest technology public listed offerings (IPO) — Adyen — with some of the most famous tech companies, in terms of IPO first day closing price.

#1 Twitter

Date: November 7, 2013

Around 5 years back, the social networking giant Twitter held its initial public offering on the New York Stock Exchange at a price of $26 per share. Soon after, the company’s price jumped to a high of $50.09 with a gain of around 93% over the IPO price before closing the trading day at $44.90.

#2 Facebook 

Date: May 18, 2012

About 6 years ago Mark Zuckerberg’s Facebook set its final IPO price at $38 a share. When the stock market began trading, the first trade came in at $42.05 per share with a gain of around 11 percent. However, the stock quickly plummeted to $38 for much of midday trading. In the end, Facebook closed at $38.23, just 0.6 percent above the initial public offering price. 

#3 Spotify

Date: April 3, 2018

A couple of months back, the Swedish entertainment company, Spotify commenced its IPO on NSE at an initial price of $165.90. However, the shares fell more than 10 percent from the opening price at $149.01 and closed the day at $149.95 per share with a valuation of around $27 billion. Having said that, Spotify closed the trading with nearly 13% higher from the reference price of 132. 

#4 LinkedIn

Date: May 19, 2011

The California-based LinkedIn priced its initial public offering at $45 per share. Having said that, the stock opened at $83 and quickly escalated to $90 and remained there most of the morning. In addition to that, it peaked at $122.70 in late morning trade, before closing at $94.25 per share. Around that price, the LinkedIn was valued at around $9 billion.

#5 Google

Date: August 19, 2004

The search engine giant Google made its IPO debut at $85 per share. Soon after the stock opened at $100.01, it peaked at $104.06 and went down further to a low of $95 during the session. However, the company closed at $100.34 per share, a 17 percent increase from its offering price of $85 with about 22 million shares changing hands during the day.

#6 Amazon

Date: May 15, 1997

The e-commerce giant, Amazon went public in 1997 with an initial $12-to-$14 per share, but then it got bumped up to $18 per share. The IPO raised $54 million, providing the company a market value of $438 million.On the first trading day itself back in 1997, Amazon’s stock soared and hit $30 while it closed at $23-1/2. 

#7 Paypal

Date: July 17, 2015

For the Online payment firm, Paypal, on its first day of trading, shares opened at $41.63, giving the company, a market value of $50.8 billion, which was higher than eBay’s intraday valuation of $34.5 billion at that time. It’s worth mentioning here that PayPal went public for the first time on February 15, 2002, with over 55 percent increase on the first day itself raising around $70.2 million.

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