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Prosus ( (PROSF) ) has shared an announcement.
Prosus N.V. has announced an update to its ongoing share repurchase programme, which includes the acquisition of both its own ordinary shares and those of Naspers. Between February 3 and February 7, 2025, the company repurchased nearly 5 million shares at an average price of €37.9368, amounting to a total of over €189 million. This strategic move is part of Prosus’s efforts to manage its capital structure and provide value to its shareholders, which could potentially strengthen its market position and impact stakeholder confidence positively.
More about Prosus
Prosus is a global technology company focused on creating an AI-first world for its 2 billion customers. The company has a diverse investment portfolio in over 100 companies worldwide, emphasizing growth markets. Prosus holds leading positions in various sectors, including Food Delivery, Classifieds, and Fintech, and is actively involved in fostering innovation through its unique technology ecosystem. The Prosus Ventures team invests in new technology opportunities across AI, social platforms, fintech, and more, supporting entrepreneurs who leverage technology for societal betterment.
YTD Price Performance: 4.15%
Average Trading Volume: 77,176
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $93.11B
See more data about PROSF stock on TipRanks’ Stock Analysis page.
