September 10, 2019 / 6:02 PM / 3 months ago

Naspers' Prosus indicative pricing 58.70 euros per share

AMSTERDAM (Reuters) - Indicative pricing in the stock market floatation of Prosus, which is being spun out of South African company Naspers, was 58.70 euros per share, according to a Euronext statement on Tuesday.

The statement said 1,624,652,070 Prosus shares had been registered for the Sept. 11 floatation, implying a market capitalisation of 95.3 billion euros for Prosus. Prosus will hold Naspers’ international consumer internet investments including a 31% stake in Chinese technology giant Tencent.

Reporting by Toby Sterling; Editing by Chris Reese

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