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Naspers spin-off Prosus soars by a third in its Amsterdam market debut

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Naspers spin-off Prosus soars by a third in its Amsterdam market debut 🔒

It is the biggest step yet by CEO Bob van Dijk to reduce a valuation gap between Naspers and its Chinese money-maker, TencentNaspers’s new international listing surged by a third on its stock market debut in Amsterdam on Wednesday, valuing it at about R1.9-trillion and handing Europe its biggest consumer internet company.

Prosus – which has a secondary listing on the JSE – jumped as much as 29%, before paring gains to trade at €73.19, well above an indicative price of €58.70 the Euronext exchange had given prior to the listing, which also creates the third-largest company on the European stock exchange after Shell and Unilever.

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Naspers spin-off Prosus soars by a third in its Amsterdam market debutThe group has spun off its internet assets, including its stake in Hong Kong-listed Tencent, into a new Amsterdam-listed subsidiary
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