Adyen block sinks in trading following Nasdaq jitters

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Adyen block sinks in trading following Nasdaq jitters

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In this photo illustration an Adyen logo of a payment company is seen on a mobile phone screen. (Photo by Pavlo Gonchar / SOPA Images/Sipa USA) | SOPA Images/SIPA USA/PA Images

An undisclosed pre-IPO shareholder sold €935m of shares in Adyen on Monday, after the Dutch payment company’s share price reached an all-time high last week following its 2020 results announcement. But a run on tech stocks saw the shares’ price quickly drop.

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