PROSY Stock Recent News

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.

European shares rose on Monday, driven by hopes that the Federal Reserve could slow its pace of interest rate hikes, while investors braced for a busy week of earnings and a key interest rate decision from the European Central Bank.