Adyen IPO seller takes profits in block trade

By Sam Kerr
18 Nov 2020

Partners in Equity, a venture capital firm, sold a €319m block in Dutch payments firm Adyen on Tuesday evening, taking advantage of a substantial rise in its stock price this year.

Morgan Stanley was the sole bookrunner on the deal and underwrote the trade for Partners in Equity, a seller in Adyen’s 2018 IPO, to give it a guaranteed floor on the deal.

Banks try to nurture relationships with issuers so they can provide bespoke options in a block ...

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