Allen & Overy and Linklaters are due to receive almost £5 million for their advisory roles on the largest European listing so far this year.

The firms, as well as Linklaters’ South African alliance firm Webber Wentzel, acted for the financial advisers to technology investor company Prosus and its owner, Naspers Limited, on Prosus’ primary listing on Euronext Amsterdam and a secondary listing on the Johannesburg Stock Exchange. The flotation of 26% of the company gave it a market capitalisation of €120 billion.