© Reuters Wix.com (WIX) Seeks Approval for $500M Inventory Buyback, Representing 9% of Shares Excellent
Wix.com Ltd. (NASDAQ:) shares gained after-hours after saying that its Board of Administrators had licensed a $500 million securities repurchase program.
Wix plans to file a movement searching for courtroom approval in Israel for its repurchase program.
Based mostly on the present worth of about $95 per share, the corporate might repurchase about 5.26 million shares or 9.2% of the excellent shares with the approval.
At this time, the corporate additionally introduced it will host Digital Analyst & Investor Day on Could 19, anticipating to supply an in depth overview of its key progress initiatives and current a three-year monetary plan and long-term monetary framework. The corporate will report its Q1 earnings on Could 16.
By Davit Kirakosyan
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