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Prosus shares jump 30 percent in Amsterdam listing

2019-09-11 10:32:00| Telecompaper Headlines

(Telecompaper) Naspers has listed its internet holding company Prosus on the Amsterdam stock market, and the shares rose an initial 30 percent from the reference price. The shares in the new company were spun off to existing Naspers shareholders and received an initial reference price of EUR 58.70. They opened on 11 September at EUR 76 and finished the first day of trading at EUR 74.19. This gives the company a market capitalisation of over EUR 120 billion.

Tags: jump listing percent shares

Naspers to spin off internet brands, list NewCo on Euronext Amsterdam

2019-03-25 09:53:00| Telecompaper Headlines

(Telecompaper) Naspers has announced its intention to list NewCo, a new global consumer internet group, on Euronext Amsterdam. NewCo will also have a secondary, inward listing on the Johannesburg Stock Exchange (JSE) in South Africa. The new group will bring together all of Naspers' internet interests outside of South Africa, including its companies and investments in the online classifieds, food delivery, payments, retail, travel, education, and social and internet platforms sectors, among others. Brands include Tencent, mail.ru, OLX, Avito, letgo, PayU, iFood, Swiggy, DeliveryHero, Udemy, eMAG and MakeMyTrip.

Tags: list internet brands amsterdam