Dutch Unicorn Mews Contemplates US IPO Amid Domestic Challenges
Amsterdam, Tuesday, 18 March 2025.
Dutch hospitality company Mews considers a US IPO as local support for startups wanes, underscoring European tech leaders’ frustrations with the domestic business climate.
Strong Growth Fuels IPO Considerations
Mews, the Dutch hospitality management unicorn, has demonstrated remarkable financial performance, with a 50% year-on-year growth in 2024 and processing over $10 billion in payments volume while surpassing $200 million in revenue [1]. The company has recently secured an additional $75 million in funding, bringing its total funding to $411 million [1]. CEO Matthijs Welle confirmed that while specific details remain uncertain, a U.S. listing appears to be the most likely option if the company proceeds with an IPO [1].
Growing Exodus of Dutch Tech Leaders
The potential U.S. listing decision comes amid a broader pattern of Dutch tech companies looking beyond their home market. Last month, Bird’s co-founder and CEO Robert Vis announced plans to relocate most operations outside the Netherlands, citing frustration with both Dutch and EU policymakers [1]. The tech exodus sentiment is echoed by Remote CEO Job van der Voort, who established his $3 billion-valued HR platform in San Francisco rather than Europe, stating that maintaining a business in Europe has become increasingly unattractive [1].
Challenging IPO Market Context
The timing of Mews’ potential IPO comes during a period of market uncertainty. The Renaissance IPO Index has shown a 13.8% decline year-to-date as of March 13, 2025, significantly underperforming the S&P 500’s 5.9% decline [2]. Rising market volatility has tempered expectations for March IPO activity, though several large issuers remain poised to enter the market [2].
Policy Reform Calls
The situation highlights a critical juncture for European tech policy. Welle has pointed to the absence of a comprehensive plan for tech startups as the primary challenge [1]. This concern is amplified by criticism from industry leaders regarding the bureaucratic nature of European policymaking, with Bird’s CEO noting that both The Hague and Brussels prioritize discussions over action [1]. The future of Dutch tech will be a central topic at the upcoming TNW Conference in Amsterdam this June [1].