Adyen block sinks in trading following Nasdaq jitters
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 ...