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June 27, 2022, 6:16 a.m. EDT

Prosus shares rally on stock buyback plan, JD.com sale

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By Steve Goldstein

Shares of holding company Prosus /zigman2/quotes/214038022/delayed NL:PRX -0.99% surged 15% in Amsterdam trade after announcing a stock buyback program funded by the sale of Tencent /zigman2/quotes/204605823/delayed HK:700 -2.64% shares and saying it sold its entire JD.com /zigman2/quotes/205122565/composite JD -5.32% stake for $3.7 billion. Prosus and parent Naspers say that if the stock buyback plan had been in existence over the past three months, the resulting Tencent shares would averaged between 3% and 5% of average daily traded volumes. Prosus holds 29% of Tencent.

/zigman2/quotes/214038022/delayed
NL : Netherlands: Euronext Amsterdam
58.17
-0.58 -0.99%
Volume: 2.87M
Nov. 25, 2022 5:36p
P/E Ratio
17.07
Dividend Yield
0.24%
Market Cap
€82.62 billion
Rev. per Employee
€213,364
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/zigman2/quotes/204605823/delayed
HK : Hong Kong
$ 273.00
-7.40 -2.64%
Volume: 31.32M
Nov. 25, 2022 4:08p
P/E Ratio
12.49
Dividend Yield
0.59%
Market Cap
$2593.01 billion
Rev. per Employee
$5.87M
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/zigman2/quotes/205122565/composite
US : U.S.: Nasdaq
$ 49.48
-2.78 -5.32%
Volume: 5.91M
Nov. 25, 2022 1:00p
P/E Ratio
348.45
Dividend Yield
0.00%
Market Cap
$77.99 billion
Rev. per Employee
$407,170
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