Naspers spinoff Prosus listed on the JSE on Wednesday and opened at R1,238 a share. At 9:34 am it traded at R1,214 a share.
At 9:34, Naspers traded at R2,400. This is R1,123 lower than Tuesday’s close.
The listing of Prosus is a significant event for the JSE and Naspers, as it will see the unbundling of the group’s international internet businesses, including its 31% stake in Tencent.
Naspers will retain a stake of around 73% in Prosus.