Huge ECM demand propels Europe’s tech unicorns

By Sam Kerr
22 Jan 2020

Trades in Prosus, the Amsterdam-listed technology holding company, and UAE payments company Network International flew out of the gates on Tuesday night, and market sources say Europe is finally becoming more of a destination for tech deals.

Naspers, the South African tech conglomerate, raised €1.49bn through the sale of 22m shares in Prosus, the vehicle that owns its international assets including its $130bn stake in Tencent.

CitiGoldman SachsJP Morgan and Morgan Stanley were the bookrunners on the deal.

Prosus was listed through a spin-off last ...

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