US investors pour into jumbo Adyen trade

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By Sam Kerr
12 Mar 2019

The largest block trade of 2019 so far — a €1.5bn stake in Dutch payments firm Adyen — flew off the shelves on Monday night, as large long-only accounts, mostly from the US, bought big slices of it.

Morgan Stanley and JP Morgan were global coordinators on the transaction. ABN Amro, Bank of America and Citi were bookrunners.

The trade was launched at 5.30pm UK time. This was slightly later than originally planned, due to the banks having to deal with multiple sellers.

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