PROSY Stock Recent News

Prosus is a long undervalued stock trading at a >35% discount to its NAV, with strong potential for unlocking significant value through its investments. Prosus is one of the largest technology investors, with a diverse and high-quality investment portfolio in listed and privately held companies. Prosus is expected to benefit in the short term, as management reduces the holding discount and Tencent valuations improve.

Prosus N.V. has a good chance of outperforming the market with strong revenue and earnings growth predicted for FY25 while the valuation remains extremely low. Prosus operates global e-commerce businesses and is well-positioned to benefit from the growing global e-commerce market. The company's solid financials puts Prosus in a great position to expand as the industry grows.

Investors interested in stocks from the Internet - Commerce sector have probably already heard of Prosus N.V. Sponsored ADR (PROSY) and Amazon (AMZN).

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.