Sources say small IPO of Naspers' Tencent stake possible

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Sources say small IPO of Naspers' Tencent stake possible

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R1Y4WH Kiev, Ukraine. 14th Nov, 2018. Naspers Media company logo seen displayed on smart phone. Credit: Igor Golovniov/SOPA Images/ZUMA Wire/Alamy Live News | Alamy Stock Photo

Naspers, the South African technology conglomerate cheered European equity markets this week as it announced it would list its international assets in a new company on the Euronext Amsterdam. The company said that the deal would just be a spin-off transaction but sources close to the situation are not writing off the possibility of an IPO as well.

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