News Formal

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

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Nigeria News News

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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
Source: BDliveSA - 🏆 12. / 63 Read more »

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.
Source: eNCA - 🏆 49. / 51 Read more »