Chat here about Fintech IPO’s. Past, current or future…
Anyone watching Adyen’s float today? They listed at an $8bn valuation and are currently up over % on the day up to $16bn… absolutely smashed out of the ball park, but is it sustainable?
It seems a good omen for the other fintechs wondering whether an IPO would be in their interest any time soon.
Very encouraging response. I think the underlying opportunity is enormous @rarther , and I think the market has maybe priced this in, even if not yet captured. Good question on sustainability though
Adyen now trading at $22.5bn - up nearly 3x since float. Is this a fintech bubble?
Funding Circle now looking to raise £300m at up to £1.8bn valuation in IPO. Will be very interesting to see whether this gets the same market reception.
If it does get an instant re-rating, it makes you wonder how much Monzo would be worth if left to market forces?