PROSY Stock Recent News

Does Prosus N.V. Sponsored ADR (PROSY) have what it takes to be a top stock pick for momentum investors?

Netherlands-based PayU plans to ask for regulatory approval in February for an initial public offering worth at least $500 million in India, three people with direct knowledge said.

Prosus , one of the world's biggest investors in technology and operators of consumer Internet companies, on Tuesday reported a fall in 2023 profit but said trading had improved in the second half of the year.

BandLab Technologies said late Tuesday it has raised an additional $25 million from existing investors as the company's valuation jumped 35% from its most recent funding round at the height of the Covid-19 pandemic.

Prosus is actively engaging with multiple players to explore sale of classified business Olx's Autos unit in several markets including India and Indonesia, according to a source familiar with the matter.

Technology investor Prosus is considering a sale of its OLX Autos classified advertising business, the company said on Thursday.

The time has come to revisit Prosus - and because China has gone up in the time since my last article, Prosus is equally seeing a share price increase. There's some impressive outperformance if we look at the company from a 3-4 month perspective. I made my stance clear, and the company reached "BUY" in October/November.

Naspers Ltd and Prosus NV (OTCPK:PROSY) Q2 2022 Earnings Conference Call November 23, 2022 10:00 AM ET Company Participants Bob van Dijk - CEO & Executive Director Vasileios Sgourdos - CFO, Financial Director & Executive Director Charles Searle - Non-Executive Director, Tencent Holdings Limited Romain Voog - CEO of Classifieds, Naspers Limited Eoin Ryan - Head, IR, Naspers Limited Conference Call Participants Cesar Tiron - Bank of America Merrill Lynch William Packer - BNP Paribas Exane Silvia Cuneo - Deutsche Bank Christopher Johnen - HSBC Warwick Bam - Avior Capital Markets Catherine O'Neill - Citi Lisa Yang - Goldman Sachs Operator Good day, ladies and gentlemen, and welcome to the Naspers and Prosus Interim Results Presentation. [Operator Instructions].

Europe-listed Prosus, which has long used dividends from the Chinese gaming giant to fund expensive bets, is moving more aggressively to stem losses.

Barclays PLC BCS, +1.45% , Citibank Inc. C, +0.78% and Deutsche Bank AG DB, +0.31% lost money in currency hedges issued to Prosus after its acquisition of India-based payments company BillDesk fell through, The Wall Street Journal reported Wednesday. Prosus bought derivatives to protect against currency swings for the roughly $4.7 billion deal, but its bid for BillDesk expired last month.