Share Name Share Symbol Market Type
Prosus NV EU:PRX Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.94 € -1.27% 72.96 € 72.91 € 72.97 € 73.50 € 72.34 € 73.05 € 712,316 10:51:51

Prosus Shares Debut on Euronext Amsterdam

11/09/2019 9:45am

Dow Jones News


Prosus NV (EU:PRX)
Historical Stock Chart

1 Month : From Aug 2019 to Sep 2019

Click Here for more Prosus NV Charts.

By Adria Calatayud

 

Shares in Prosus NV (PRX.AE), a spinoff of Naspers Ltd.'s (NPN.JO) internet assets outside of South Africa, started trading Wednesday on Euronext Amsterdam at a valuation of nearly 120 billion euros ($132.51 billion), becoming Europe's largest listed consumer internet company.

Shares in Prosus at 0745 GMT were trading at EUR73.13, having peaked at EUR77.40 earlier in the session.

Prosus was created by Naspers in a bid to reduce the discount its shares traded at relative to the value of its 31.1% stake in Tencent Holdings Ltd. (0700.HK). That stake alone, which represents 48% of Prosus's assets, is currently worth around EUR119 billion based on Tencent's valuation on Wednesday.

Prosus also houses stakes in Russian social-media operator Mail.ru Group Ltd. (MAIL.LN), U.S. online marketplace Letgo and German food-delivery company Delivery Hero AG (DHER.FF) among others.

Naspers didn't raise any money through Prosus's listing and will retain control over the group.

The listing was originally scheduled to take place in July, but was delayed after an administrative error forced Naspers to push back a general meeting of shareholders to vote on the deal.

Prosus, Latin for "forward," made a net profit of $1.43 billion in the quarter to June 30, up from $1.08 billion in the same period a year earlier, according to a prospectus published last month.

 

Write to Adria Calatayud at adria.calatayudvaello@dowjones.com

 

(END) Dow Jones Newswires

September 11, 2019 04:30 ET (08:30 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

1 Year Prosus NV Chart

1 Year Prosus NV Chart

1 Month Prosus NV Chart

1 Month Prosus NV Chart
Your Recent History
EU
PRX
Prosus NV
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20190916 10:06:53