Prosus aims to list its fintech firm PayU in 2025, moving focus to India following a $2 billion gain from Swiggy's successful listing.
'We're late into 2024 already, but we hope that it could be a 2025 event,' said Ervin Tu, reflecting on delays in the PayU listing.
UBS recently valued PayU at $4.2 billion, indicating a rise from $3.7 billion due to increased trading multiples among global payment peers.
Fabricio Bloisi, Prosus’ CEO, mentioned that more portfolio companies might go public within the next 18 months, emphasizing growth in India.
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