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An update from Prosus ( (PROSF) ) is now available.
Prosus NV announced an update to its ongoing share repurchase program, which involves buying back ordinary shares in both Prosus and Naspers from free-float shareholders. Between December 23 and December 27, 2024, Prosus repurchased over 1.8 million shares at an average price of €39.1611, totaling approximately €70.75 million. This move is part of a broader strategy to manage capital structure and enhance shareholder value, reflecting Prosus’s commitment to optimizing its financial operations and potentially strengthening its market position.
More about Prosus
Prosus is a global technology company focused on unlocking opportunities in an AI-first world for its 2 billion customers. With investments in over 100 companies globally, it aims to build local ecommerce champions in growth markets. Prosus holds leading positions in industries such as food delivery, classifieds, and fintech, creating a unique technology ecosystem that fosters innovation and growth. Through its Prosus Ventures team, the company invests in emerging technology growth areas including AI, social and ecommerce platforms, fintech, B2B software, logistics, health, blockchain, and agriculture, supporting entrepreneurs who leverage technology to enhance everyday life.
YTD Price Performance: 33.82%
Average Trading Volume: 5,703
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $93.43B
For an in-depth examination of PROSF stock, go to TipRanks’ Stock Analysis page.
