PayPal rival Adyen's value more than doubles at $17bn post IPO
PayPal rival Adyen on Wednesday saw its valuation hit $17 billion in one of Europe's biggest technology initial public offerings (IPO) of 2018. The company's revenue exceeded $1.1 billion in 2017 for the first time and recorded a net profit of $83.9 million for the same period. Founded in 2006, Adyen processes payments for companies including Facebook, Netflix, and eBay.