But in truth many South African shareholders will be grateful for the unscheduled delay of three months in the listing date. "There's a sort of tactical argument that this is a more favorable venue."Get this delivered to your inbox, and more info about our products and services.Prosus will trade under the ticker symbol "PRX."Naspers first announced its intention to list its international internet assets under a new company name, now Prosus, on the Amsterdam exchange in March. The global investment group is the largest consumer internet company in Europe, and among the largest technology investors in the world, operating across a variety of platforms and geographies. The trader Karin Richards believes this may be a temporary situation: 18 June 2020 CEO Q&A – Ten Big Questions with Sandeep Deshmukh from ElasticRun. Prosus N.V., or Prosus, is the international internet assets division of Naspers.
This is a 6% loss – but you don’t have to pay capital gains tax, unlike the Prosus holders.The other reason it decided to spin off Prosus is because Naspers was becoming too dominant on the JSE - it represented 20% of the market. The new group listed on Euronext Amsterdam on 11 September 2019 and is called Prosus. We want to hear from you.Overnight, the continent's fortunes changed in the form of a $100 billion consumer internet company that listed publicly Wednesday in Amsterdam."The listing of Prosus is an exciting step forwards for the group, giving global technology investors direct access to our unique and attractive portfolio of international consumer internet businesses," Naspers and Prosus Group CEO Bob van Dijk said in a press release Wednesday.The company is called Prosus, and it's a spinoff of South African consumer internet conglomerate Naspers. Early indications are that those who choose Prosus saw a "gain" of around 2% on the first day, says McCurrie, who sets it out as follows:The trader Karin Richards believes this may be a temporary situation:A snapshot of the biggest breaking business stories, market indicators, access to portfolios, and more, by Fin24 deputy editor, Jan Cronje.
Only $118 billion. Prosus N.V., or Prosus, is the international internet assets division of Naspers. Global Business and Financial News, Stock Quotes, and Market Data and Analysis."Naspers believes that the choice of Euronext Amsterdam is, and will be, beneficial to the company as Euronext markets are some of the largest, most integrated and proven capital markets in Europe," the company said in its prospectus. "The Prosus share price is still in a period of price discovery and any material pricing irregularities will be arbitraged out by the market.”Apart from Tencent, Prosus also owns stakes in more than 40 companies - including the global online selling platform OLX, the German food delivery group Delivery Hero, the Indian online food-delivery business Swiggy, the Indian online travel site MakeMyTrip, the biggest online classifieds and property platform in Russia, Avito, and Russia’s biggest internet company (with large gaming, social media and e-commerce businesses) mail.ru.Naspers shareholders were allocated a stake of around 27% in Prosus on Wednesday morning, issued as Naspers "M" shares. Shareholders have until Friday midday to decide whether they want to convert these shares to Prosus shares, or get more Naspers shares instead.
This will probably continue for some time yet. 29 June 2020 Indonesian startup, Shipper, secures Series A funding.
They will receive the new Prosus or Naspers shares on Monday.Prosus will have a market capitalisation of around R1.935trn following the recapitalisation, says Gryphon research analyst and portfolio manager Casparus Treurnicht. Its 31% stake in the Chinese internet giant Tencent is worth around R1.924trn.Still, while its market value now reflects its Tencent stake - the market has seemingly not placed any value on its other businesses.In South Africa, it owns AutoTrader and Property24. Therefore you now own 1 369 Naspers shares at around R2 400 – equal to R3.29m.
So how much is Prosus worth / its market cap? Movements in the share prices of the two companies should be linked.In payments, it owns 99% of PayU, a competitor to Adyen and WorldPay.In e-commerce, it owns an 82% stake in Latin America’s Movile, a smartphone-based marketplace. The addition of Prosus to the Amsterdam exchange shakes up …
Under the new structure, Prosus will hold Nasper's Tencent stake, as well as positions in other firms like Russian social media company Mail.ru Group and German food delivery service Delivery Hero. Naspers will remain a majority owner of the new company."Being listed in Europe, there's a bigger investment pool, lots of kind of passive money and indexes that you could be part of," Rumph said in an interview Tuesday.
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