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If You'd Invested $1,000 in Adyen in 2018, This Is How Much You Would Have Today

TheMotleyFool

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If You'd Invested $1,000 in Adyen in 2018, This Is How Much You Would Have Today

eBay (NASDAQ: EBAY) and PayPal Holdings (NASDAQ: PYPL) were once considered inseparable. Even after spinning off PayPal in 2015, eBay continued to use PayPal's payment processing services.

That all changed in early 2018 when eBay decided to replace PayPal with a smaller Dutch competitor, Adyen (OTC: ADYE.Y), as its primary payment processor in a three-year transition. That announcement stunned PayPal's investors and thrust Adyen, then a private company, into the spotlight.

That June, Adyen capitalized on its growing fame with an IPO in Amsterdam. The fintech stock was priced at 240 euros ($282), opened at 400 euros, and is worth about 2,158 euros ($2,552) today.

Source Fool.com

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