Naspers Stock Tumbles 33% After Prosus Listing - Time to Buy?

Naspers Limited, a multinational internet investment group headquartered in South Africa, recently spun off a portion of their company to be listed on the Amsterdam stock exchange. To be named Prosus, it will hold the Tencent stake as well as other internet businesses. Prosus will be the 3rd largest company on the AMS after Shell and Unilever.

It’s important to note that Naspers will still retain an approximately 73% ownership stake of Prosus, thus the 33% drop in the share price of Naspers stock. For me, this drop was probably too exaggerated and I might pick up some shares.

This is not financial advice.

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