Prosus started trading at EURO76 on the AEX market and R1,238.50 on the JSE market.
On Wednesday, 11 September, global consumer internet group Prosus announced its listing primary listing on Euronext Amsterdam (AEX), as well as a secondary listing on the Johannesburg Stock Exchange (JSE) under the technology internet sector.
It opened at €76 on the AEX market – 30 percent higher than the reference price issued by Naspers on Tuesday night.
It started trading at R1,238.50 on the JSE market, before falling to R1,200 in the first few minutes of trade.
Prosus comprises the international internet assets of Naspers, with core sectors including online classifieds, food delivery, payments and fintech. Prosus also has meaningful investments in leading internet companies Tencent, Indian online food-delivery business Swiggy, Indian online travel site MakeMyTrip, the biggest online classifieds and property platform in Russia, Avito, and Russia’s biggest internet company mail.ru. In South Africa, it owns AutoTrader and Property24.
According to the statement, the listing of Prosus is a further step to unlock shareholder value by Naspers following the unbundling of the MultiChoice Group in March 2019.
Prosus will be Europe’s largest listed global consumer internet company, with more than 1.5 billion customers across 91 markets.