Naspers: Prosus Not Fully Recognised, Venture Assets Negatively Valued

spooh Naspers Limited (OTCPK:NPSNY) is the most dominant listing on the JSE (JSE: NPN), and is well-known enough where even its US OTC listing has plenty of liquidity, often with millions in daily volume in dollar value. Naspers invested in Tencent Holdings (OTCPK:TCEHY) more than a decade ago for some $34 million for almost half the company, with the Tencent value almost hitting $1 trillion at one point during COVID-19 before some headwinds. It has other listed assets, and importantly also a wide portfolio of late-stage venture profile holdings including companies like Stack Overflow, which every coder on the planet…