When Naspers lists in Amsterdam, it will bring with it a dual shareholding structure to match or even exceed the worst practices of tech behemoths such as Facebook or Google parent Alphabet.
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Naspers may be moving most of its Internet businesses to a new listing in Amsterdam, but the Cape Town-based technology investor is at pains to show it’s not abandoning South Africa.
Naspers will list on its consumer Internet business on Amsterdam’s Euronext exchange on 17 July, subject to market conditions, in a bid to unlock shareholder value.
If you’re looking for evidence of South Africa’s faltering economy, the performance of shares in its biggest companies is a good place to start.
With $2-trillion added since Christmas, the Nasdaq 100 has a shot at beating the market for the 10th time in 11 years. But it may be taking on dot-com-era trappings.
For technology stocks, the superlatives are endless this year. But rather than take profits and run, investors are flooding the space.
The Nasdaq 100 closed at a record of 7 680.72 on Wednesday, surpassing its August 2018 peak and extending its year-to-date gain past 21%.
Despite some short-term potential headwinds, there may be a long-term investment case to be made for the pay-television operator. By Renier de Bruyn.
The perennial worry about European technology is that there isn’t a consumer-facing giant to rival the size of Apple, Google, Facebook and Amazon.com. In one fell swoop, it’s about to get one. Sort of.
Naspers CEO Bob van Dijk has been working for years to solve a problem rivals might envy – getting investors to value the South African firm nearer to its $133-billion stake in Tencent. A plan for a Dutch listing is his boldest step yet.