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 European tech company has stunning debutNaspers gambled in investing in Tencent in 2001 when it was still a tech start-up but the Chinese firm has now morphed into an internet giant.
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