Wix.com Repurchases $1.62 Billion of Common Shares

MT Newswires Live

04/06

Wix.com (WIX) said Friday that it repurchased about $1.62 billion in common shares under a modified Dutch Auction tender offer, which expired April 1.

The company said about 17.6 million common shares were tendered to the offer, all of which were accepted for purchase at $92 per share.

Wix President Nir Zohar said the tender offer allowed the company to buy back nearly 30% of its market capitalization.

Wix.com shares were up more than 1% premarket Monday.

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