PayPal Rival’s Founders Lose About $2 Billion From Stock Slump
- Adyen shares halved since its semi-annual earnings report
- Co-CEO Pieter van der Does’ stake is worth about €620 million
Adyen has been navigating a revenue slowdown after facing greater price competition in the US.
Photographer: Jasper Juinen/BloombergThis article is for subscribers only.
Adyen NV’s recent stock plunge has collectively cost its co-founders about €1.85 billion ($2 billion), placing them among the biggest losers of the Dutch payment processor’s growth slowdown this year.
Co-founders Pieter van der Does and Arnout Schuijff’s combined shareholding in the fintech company is now worth €1.25 billion, based on closing price on Oct. 20. Van der Does, who is also a co-chief executive, and Schuijff each hold about 3% of the company, according to the latest regulatory filings.