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A $115 million short trade on Dutch tech unicorn Adyen is the latest hedge-fund bet against Europe's IPO darlings

2 monthes ago   |   By Business Insider

Maplelane Capital is making a $115 million bearish bet on one of Europe's newest tech darlings - Dutch payment company Adyen.
It's part of a trend where more hedge funds have been heaping skepticism on recently IPO'd European companies, including UK-based luxury carmaker Aston Martin.
Adyen's shares have almost tripled since its June 2018 IPO, sending its market cap to almost €20 billion.
A little-known hedge fund called Maplelane Capital is making a $115 million bearish bet on one of Europe's newest tech darlings - Dutch payment company Adyen. It's part of a trend where more hedge funds...
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