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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 +0.32% surged 15% in Amsterdam trade after announcing a stock buyback program funded by the sale of Tencent /zigman2/quotes/204605823/delayed HK:700 +0.07% shares and saying it sold its entire JD.com /zigman2/quotes/205122565/composite JD -0.99% 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
65.01
+0.21 +0.32%
Volume: 1.86M
Aug. 17, 2022 3:32p
P/E Ratio
6.02
Dividend Yield
0.22%
Market Cap
€92.04 billion
Rev. per Employee
€194,386
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/zigman2/quotes/204605823/delayed
HK : Hong Kong
$ 303.20
+0.20 +0.07%
Volume: 17.62M
Aug. 17, 2022 4:08p
P/E Ratio
12.10
Dividend Yield
0.53%
Market Cap
$2855.37 billion
Rev. per Employee
$6.03M
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/zigman2/quotes/205122565/composite
US : U.S.: Nasdaq
$ 56.72
-0.57 -0.99%
Volume: 333,686
Aug. 17, 2022 9:47a
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$87.03 billion
Rev. per Employee
$382,887
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