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Adyen Co-Founder Now a Billionaire as European Tech IPO Soars

  • Arnout Schuijff owns stake valued at more than $1 billion
  • Co-founder and CEO Van der Does owns shares worth $800 million

The co-founder and chief technology officer of Adyen NV is now a billionaire after shares of the Dutch payments processing firm doubled in its first two hours of trading.

Arnout Schuijff, 50, sold about 62 million euros ($72 million) of stock, according to the company prospectus, in the biggest public offering of a technology company in Europe this year. That values his remaining 6.4 percent stake in the company at more than $1 billion.