Prosus soars on debut; Friend in Moody's; Shake the Baobab tree; SA/UK trade deal

biznews.com

- biznews.com | 3 months ago

Shares in Prosus, the Naspers spin-off which includes the groups 31% stake in Chinese tech giant Tencent, surged on its debut on the Euronext stock exchange in Amsterdam jumping by as much as 32% above its reference price in early trading.

The listing created one of Europe’s largest internet companies vindicating the decision by CEO Bob van Dijk to move away from Johannesburg. It is now the third largest company on Euronext by market capitalisation.

From its early surge from a reference price of €58.

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