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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 +0.11% surged 15% in Amsterdam trade after announcing a stock buyback program funded by the sale of Tencent /zigman2/quotes/204605823/delayed HK:700 -0.81% shares and saying it sold its entire JD.com /zigman2/quotes/205122565/composite JD -2.77% 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
62.84
+0.07 +0.11%
Volume: 1.59M
Aug. 10, 2022 5:35p
P/E Ratio
5.82
Dividend Yield
0.22%
Market Cap
€89.16 billion
Rev. per Employee
€194,386
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/zigman2/quotes/204605823/delayed
HK : Hong Kong
$ 295.60
-2.40 -0.81%
Volume: 15.36M
Aug. 10, 2022 4:08p
P/E Ratio
11.80
Dividend Yield
0.54%
Market Cap
$2832.55 billion
Rev. per Employee
$6.03M
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/zigman2/quotes/205122565/composite
US : U.S.: Nasdaq
$ 55.50
-1.58 -2.77%
Volume: 13.75M
Aug. 10, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$89.83 billion
Rev. per Employee
$399,673
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