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.
Adyen, whose clients include Uber Technologies Inc. and McDonald’s Corp., has been navigating a revenue slowdown after facing greater price competition in the US. Its market value plunged by $20 billion in a single day on Aug. 17 after it reported record slow growth in first half of the year.
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