In a recent development, Naspers, South Africa’s most valuable company has announced its intention to list NewCo, a new global consumer internet group, on Euronext Amsterdam. Additionally, NewCo will also have a secondary, inward listing on the Johannesburg Stock Exchange (JSE) in South Africa.
Name for NewCo will be announced soon!
The company says the official name for NewCo will be announced in coming months. For the uninitiated, ‘Newco’ is a generic name for the proposed corporate spin-off or subsidiary companies before they are assigned a final name.