The boss of SoftBank admits some investors think of a “Masayoshi Son discount” when trying to value the Japanese tech group. By that token, Naspers must have a “Koos Bekker discount”. A powerful founder looms large at the South African group, too. Listing a big chunk of a portfolio valued at more than $150bn in Amsterdam should help narrow the gap. Big problems will remain.
软银(SoftBank)老板孙正义(Masayoshi Son)承认,一些投资者在尝试对这家日本科技公司进行估值时,会考虑“孙正义折扣”。从这个意义上来说,Naspers肯定有“科斯•贝克尔(Koos Bekker,文首图)折扣”。这位强有力的创始人在这家南非集团的影响力也非常大。将该公司资产组合中总估值逾1500亿美元的一大块资产在阿姆斯特丹上市,应该会有助于缩小估值折扣。但仍然存在一些重要的问题。
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