Amsterdam’s Adyen Soars in Year’s Biggest European Tech IPO (1)

Shares of Dutch payment processing firm Adyen NV surged as much as 81 percent in the minutes following its market debut on Euronext Amsterdam.

It’s a compelling start for Europe’s biggest technology public offering this year, which at 240 euros was priced at the top end of its range. Adyen was trading at 433 euros at 9:42 a.m. in Amsterdam, giving the company a market value of 12.8 billion euros ($15 billion) -- more than half that of Deutsche Bank AG’s 19.9 billion euros, and greater than Commerzbank AG’s 11.9 billion euros.

Kempen & Co. NV analyst Anil Akbar, ...