Prosus ( (PROSF) ) has issued an announcement.
Prosus announced an update to its ongoing share repurchase program, which involves buying back ordinary shares of both Prosus and Naspers from free-float shareholders. Between February 17 and February 21, 2025, Prosus repurchased over 5.8 million shares at an average price of €45.0277 per share, totaling approximately €262.35 million. This move is part of a broader strategy to manage its capital structure and potentially enhance shareholder value.
More about Prosus
Prosus is a global technology company focused on unlocking an AI-first world for its 2 billion customers. With investments in over 100 companies worldwide, Prosus is building local ecommerce champions in growth markets. It holds leading positions in food delivery, classifieds, and fintech, and fosters innovation and growth through its technology ecosystem. The Prosus Ventures team invests in new technology opportunities across AI, social and ecommerce platforms, fintech, B2B software, logistics, health, blockchain, agriculture, and more.
YTD Price Performance: 11.80%
Average Trading Volume: 64,862
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $102B
See more data about PROSF stock on TipRanks’ Stock Analysis page.