This archive report was first published on 11 September 2019.
On September 11, 2019, Naspers listed its international internet assets, Prosus, on Euronext, Amsterdam's stock exchange, marking a significant milestone in the company's transformation into a global consumer internet company.
Prosus's value quickly rose to $105 billion, making it the largest European Consumer Tech Stock and the third most valuable company listed on Euronext.
According to Prosus and Naspers Group CEO Bob Van Dijk, the listing of Prosus gives investors a chance to invest in Naspers' unique portfolio of international consumer internet businesses. "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," he said.
On its first day of trading, Prosus's shares rose by 29%, a strong indication of investor confidence in the company's prospects.
Unlike Facebook or Alibaba, Prosus is not a consumer internet business, but rather a company that invests in a portfolio of internet firms across the globe, including FinTechs and food delivery services.
Prosus currently holds assets in Tencent, as well as in global firms such as India's Swaggy and Russia's Mail.Ru.
