Adyen block sinks in trading following Nasdaq jitters

By Aidan Gregory
23 Feb 2021

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.

Launched after market close on Monday evening, the sale consisted of 450,000 shares in Adyen — a 1.5% stake.

The books were covered inside half an hour after launch, according to a source close to the transaction.

At the €2,077 offer price, investors received a 3.5% discount to ...

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