Merger Details - Prosus will acquire Despegar for $19.50 per share in an all-cash transaction, representing an enterprise value of approximately $1.7 billion [4] Law Firm Information - Monteverde & Associates PC is investigating Despegar.com, Corp. (NYSE: DESP) relating to the proposed merger with Prosus [4] - The law firm has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm by ISS Securities Class Action Services Report [4] - Monteverde & Associates PC is headquartered at the Empire State Building in New York City [4] - The firm has a successful track record in trial and appellate courts, including the U.S. Supreme Court [5]

Yet another major investment is going down in the travel sector, underscoring its ongoing rebound after the Covid-19 pandemic. Prosus, the tech conglomerate controlled by Naspers, is paying $1.7 billion to acquire Despegar, one of the biggest online travel agencies in Latin America, to scale up its operations in the region.Despegar’s board of directors has approved the deal, which will now go to a shareholder vote, Prosus said in a statement today. It expects the deal to close in Q2 of 2025. With GDP acros ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...

Despegar.com, Corp. (NYSE: DESP ) operates online platforms for buying airline tickets, travel packages, accommodation, car rentals, and other travel-related services. The company operates through its Despegar, Decolar, Best Day, BD Experience, Viajanet, Stays, and HotelDo brands, with websites and mobile apps, gaining its traffic from Latin America and the United States. I am an avid investor with a major focus on small cap companies with experience in investing in US, Canadian, and European markets. My in ...

Company to Leverage L Catterton's Global Pet Industry Experience to Accelerate Veterinary Platform Expansion in BrazilGREENWICH, Conn., Nov. 18, 2024  /PRNewswire/ -- L Catterton, a leading global consumer-focused investment firm, today announced that it has made a strategic investment in WeVets (the "Company"), a leading independent veterinary hospital group in Brazil operating 24-hour centers and diagnostic labs, making high-quality veterinary care more accessible throughout Brazil.Founded in 2020, WeVets ...

Despegar.com, Corp. (NYSE:DESP) Q3 2024 Earnings Conference Call November 14, 2024 4:30 PM ET Company Participants Luca Pfeifer - Investor Relations Damián Scokin - Chief Executive Officer Sebastian Mackinnon - Chief Partner and Corporate Affairs Manager Gonzalo Estebarena - Chief Technology Officer Amit Singh - Chief Financial Officer Conference Call Participants Naved Khan - B. Riley Securities Andrew Ruben - Morgan Stanley Kevin Kopelman - TD Cowen Operator Good day and welcome to Despegar's Third Quarte ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of November 2024 Commission File Number: 001-38209 Despegar.com, Corp. (Translation of registrant's name into English) Commerce House 4th Floor Wickhams Cay 1 Road Town, Tortola VG1110 British Virgin Islands (Address of principal executive offices) Indicate by check mark whether the registrant files or will ...

Despegar.com (DESP) shares ended the last trading session 7.4% higher at $14.18. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 5.2% gain over the past four weeks. Despegar.com is being aided by robust revenues driven by strong Take Rate (defined as revenue divided by the sum of Gross Bookings and Total Payment Volume). Gross bookings are also very strong at DESP. Despegar.com's recent agreement with Nubank has wi ...

Despegar.com (DESP) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, DIESP crossed above the 20-day moving average, suggesting a short-term bullish trend. The 20-day simple moving average is a well-liked trading tool because it provides a look back at a stock's price over a 20-day period. Additionally, short- term traders find this SMA very beneficial, as it smooths out short-term price trends and shows more trend reversal signals tha ...

The stock market is hovering around all-time highs, as investors have shaken off concerns over a slowing macroeconomy and are looking ahead to the impacts of rate cuts. Amid this backdrop, I've continued to advocate diversifying away from richly valued American With combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He ...