Naspers Listing Hands `Big Win' to Challenger S. African Bourse
- Secondary listing on A2X is 15th for bourse founded in 2017
- Exchange offers cheaper brokerage costs than rival JSE Ltd.
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Naspers Ltd. will start trading on South Africa’s A2X Markets for secondary listings next week, the greatest prize yet for the upstart bourse as it seeks to challenge the operator of the country’s main stock exchange.
Naspers, Africa’s largest company by market value, will make its A2X debut on Dec. 27, the Johannesburg-based bourse and Cape Town-based internet and media giant said in statements Tuesday. It’s the 15th listing since A2X opened its doors in October last year, offering brokerages lower share-transacting costs than JSE Ltd., which runs the Johannesburg stock exchange.