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Prosus ( (NL:PRX) ) has issued an update.
Prosus has provided an update on its ongoing share repurchase programme covering ordinary shares in both Prosus and its South African parent Naspers, targeting stock held by free-float investors. The open-ended buyback, originally launched in 2022, is designed to improve capital allocation and optimise the group’s balance sheet while returning excess capital to shareholders.
Between 4 and 8 May 2026, the group repurchased 2,127,637 Prosus shares at an average price of €41.45, for a total outlay of about €88.2 million. The latest tranche underscores Prosus’s continued use of buybacks as a tool to support its share price and narrow the valuation gap with its underlying technology holdings, with implications for investor returns and market perception of the stock’s intrinsic value.
More about Prosus
Prosus N.V. is a global technology investor focused on building AI-driven consumer internet businesses for roughly 2 billion customers worldwide. The group holds stakes in more than 100 companies and concentrates on growth markets, where it nurtures local ecommerce champions, particularly in food delivery, online classifieds and fintech services.
Through its Prosus Ventures arm, the company backs emerging technology opportunities across AI, social and ecommerce platforms, fintech, B2B software, logistics, health, blockchain and agriculture. By fostering collaboration and knowledge sharing within its portfolio, Prosus aims to create a scalable ecosystem that accelerates innovation and long-term growth across its core sectors.
For detailed information about PRX stock, go to TipRanks’ Stock Analysis page.