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Tag Archives: amsterdam

Uber hires Daniel Danker from Facebook to serve as a senior director and head of driver product, filling a role that has been vacant since December…

Megan Rose Dickey / TechCrunch : Uber hires Daniel Danker from Facebook to serve as a senior director and head of driver product, filling a role that has been vacant since December   —  Uber has brought on Daniel Danker to serve as a senior director and head of driver product.  Prior to joining Uber, he was a product director …

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Over 70 internet experts and pioneers pen letter opposing proposed EU copyright provision to require internet platforms filter content, before next…

Electronic Frontier Foundation : Over 70 internet experts and pioneers pen letter opposing proposed EU copyright provision to require internet platforms filter content, before next week's vote   —  As Europe's latest copyright proposal heads to a critical vote on June 20-21, more than 70 Internet and computing luminaries …

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Twitter will soon offer users in US personalized news updates, alerting them to events or breaking news based on their interests, like the accounts…

Rachel Kaser / The Next Web : Twitter will soon offer users in US personalized news updates, alerting them to events or breaking news based on their interests, like the accounts they follow   —  Twitter today announced an upcoming addition to its suite of mobile notifications.  Namely, it will soon offer users personalized news updates …

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Twitter says it’s redesigning Moments by introducing vertical scrolling and adding multiple timelines for some US Moments (Keith Coleman/Twitter)

Keith Coleman / Twitter : Twitter says it's redesigning Moments by introducing vertical scrolling and adding multiple timelines for some US Moments   —  People come to Twitter to see and discuss what matters to them — from breaking news to the day's events and memes.  This is because whatever is happening in the world …

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Roundup of what to expect from upcoming Microsoft hardware: heavily redesigned Surface Pro 6 in mid-2019, updated budget Surface later this year, and…

Mary Jo Foley / ZDNet : Roundup of what to expect from upcoming Microsoft hardware: heavily redesigned Surface Pro 6 in mid-2019, updated budget Surface later this year, and more   —  A bunch of new Microsoft hardware codenames and information are circulating.  Here's what could be in the works and when new devices may arrive.

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Microsoft announces a redesign for its Office suite, including desktop apps and Office.com, rolling out over the coming months (Tom Warren/The Verge)

Tom Warren / The Verge : Microsoft announces a redesign for its Office suite, including desktop apps and Office.com, rolling out over the coming months   —  A simplified ribbon leads the way for a billion users  —  Microsoft is bringing its Fluent Design system from Windows 10 over to its Office apps to simplify them for the billion people that use Office.

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Adblock Plus’s parent company Eyeo launches Trusted News, a browser extension for Chrome, that helps users identify fake news (Natasha…

Natasha Lomas / TechCrunch : Adblock Plus's parent company Eyeo launches Trusted News, a browser extension for Chrome, that helps users identify fake news   —  eyeo, the company behind the popular browser-based ad block product Adblock Plus, is no stranger to controversy.  Which is just as well given its new “passion project” …

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Garmin launches Vivoactive 3 Music smartwatch with space for ~500 songs, 7-day battery life, and improved sleep tracking, for $299 (Valentina…

Valentina Palladino / Ars Technica : Garmin launches Vivoactive 3 Music smartwatch with space for ~500 songs, 7-day battery life, and improved sleep tracking, for $299   —  Garmin's Vivoactive 3 held one of the top stops in my list of last year's best wearables.  With its sleek design, comprehensive fitness capabilities …

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Home-flipping startup Opendoor raises $325M Series E at a $2B+ valuation led by General Atlantic and Access Technology Ventures (Chloe Aiello/CNBC)

Chloe Aiello / CNBC : Home-flipping startup Opendoor raises $325M Series E at a $2B+ valuation led by General Atlantic and Access Technology Ventures   —  Opendoor, a start-up that buys and sells homes online, has just pulled in $325 million to expand its team, add more cities and move deeper into residential real estate.

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Dutch payments company Adyen opens at €400/share, a pop of 67%, now valued at $16B

After raising €1.1 billion in its initial offering and pricing its shares at €240 each last night, Adyen , the Dutch payments company, went public today with a bang. It  opened for trading this morning on Amsterdam’s Euronext exchange at €400 a share, an impressive jump of 67 percent. The share price closed at €462.50 — over 92 percent up on its price last night —  giving it a market cap of over €13.6 billion, or $16 billion at current exchange rates. It’s gone as high as €503.90 today. The number moved between about €15 billion and €16 billion throughout the day. This all represents a big jump on Adyen’s valuation. In a statement  last night announcing its initial offer price of €240 per share, Adyen said the figure implied a market capitalization of €7.1 billion, based on the current number of Shares outstanding. The writing may have been on the wall for its strong performance this morning even then. Adyen said yesterday that the offering  was “multiple times oversubscribed… with strong demand from institutional investors globally.” Adyen is selling between 12 percent and 13.4 percent of its issued and outstanding shares, the latter figure representing i f the over-allotment option is exercised in full. Adyen’s strong performance underscores both the strength for tech IPOs at the moment, as well as the strength of Adyen’s payment story specifically. For the year ended December 31, 2017, Adyan generated net revenue of €218 million, a rise of 38 percent over the year before. Perhaps more importantly (when you compare it to other payment startups that have recently gone public, such as Square) it is profitable. Adyen last year had an EBITDA of €99 million, giving it an EBITDA margin of 45.5 percent. Signs are pointing to more growth, too. The company counts fast-growing tech companies like Uber and Netflix among its customers, and earlier this year it picked up a key client in the form of eBay , which is swapping in Adyen instead of spun-out business PayPal as its primary payment provider.

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Dutch payments company Adyen opens at €400/share, a pop of 67%, now valued at $15.5B

After raising €1.1 billion in its initial offering and pricing its shares at €240 each last night, Adyen , the Dutch payments company went public today with a bang. It  opened for trading this morning on Amsterdam’s Euronext exchange at €400 a share, an impressive jump of 67 percent. The share price is currently €450, giving it a market cap of €13.250 billion, or $15.6 billion at current exchange rates. It’s gone as high as €453.95 today. We’ll update this number periodically as the day goes on. This all represents a big jump on Adyen’s valuation. In a statement  last night announcing its initial offer price of €240 per share, Adyen said this implied a market capitalization of €7.1 billion, based on the current number of Shares outstanding. The writing may have been on the wall for its strong performance this morning even then. Adyen said yesterday that the offering  was “multiple times oversubscribed… with strong demand from institutional investors globally.” Adyen is selling between 12 percent and 13.4 percent of its issued and outstanding shares, the latter figure representing i f the over-allotment option is exercised in full. Adyen’s strong performance underscores both the strength for tech IPOs at the moment, as well as the strength of Adyen’s payment story specifically. For the year ended December 31, 2017, Adyan generated net revenue of €218 million, a rise of 38 percent over the year before.

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Adyen confirms an IPO in Amsterdam, valuing the payments giant at $7B-$11B

The floodgates are definitely open for IPOs in the tech world right now, and the latest is coming out of Europe. Adyen , a company that powers payments for large and smaller e-commerce merchants and others, has said  that it plans to publicly list on the Euronext Amsterdam exchange, keeping the company’s financial future close to where Adyen itself was founded and is based rather than taking it to the US markets as some other European unicorns, like Spotify, have opted to do. The news comes in the wake of reports that it was planning to announce its plans this week. Adyen’s offering prospectus does not detail how much it plans to raise, or what sort of valuation it’s likely to reach in a public listing. It confirmed will be selling up to 15 percent of its shares, valued at a valuation of between €6 billion and €9 billion ($7 billion – $11 billion) after the IPO. We have reached out to the company for further detail on that front. For some context, Adyen last confirmed its valuation publicly back in 2015, when it raised funding from Iconiq , the investment firm that manages funds from Mark Zuckerberg’s family and other high-net-worth tech leaders, at a $2.3 billion valuation. In other words, it’s a big jump, reflecting the company’s growth over the last couple of years. Adyen to date has raised $266 million in outside funding, with other investors including Index (its largest shareholder), Felicis, Temasek and General Atlantic. Adyen said in the prospectus that its net revenues for the year that ended December 2017 were  €218 million, up 38 percent on 2016, with total processed volumes of  €108 billion in 2017 up from €66 billion in 2016, or 63 percent growth.  It’s also profitable, with an EBITDA  of €99 million, or a margin of  45.5 percent.  Net income for Q1 was €24.1 million, up €10 million over the same period a year before.

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