Prosus, Naspers' new business unit, sees massive stock price increases

Bradley Prior

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Prosus, Naspers' new business unit, sees massive stock price increases

Investors piled into Naspers Ltd.’s newly listed internet unit, which holds assets including a lucrative stake in Tencent Holdings Ltd., sending its shares soaring on their trading debut in Amsterdam.

Prosus NV, as the new company is known, jumped as much as 32% above its reference price in early trading to value the group at around 125 billion euros ($138 billion), vindicating Chief Executive Officer Bob van Dijk’s decision to seek a move away from Johannesburg. [Bloomberg]
 
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