Wix Completes Share Repurchase in $1.617 Billion Dutch Auction Tender Offer

Apr 03, 2026 12:06 UTC

WIX

Short term

Wix.com Ltd. has finalized a modified Dutch auction tender offer, repurchasing 17.58 million shares at $92 each, totaling $1.617 billion. The move reflects the company's confidence in its long-term strategy and aims to return value to shareholders.

Wix repurchased 17.58 million shares at $92 each in a modified Dutch auction tender offer.
The total cost of the repurchase was approximately $1.617 billion.
The shares repurchase represents about 29.7% of the company's outstanding shares as of April 1.
The move aims to return nearly 30% of the company's market capitalization to shareholders.
Wix's stock closed at $81.95 on Thursday, a 9.45% decrease, but rose 0.10% in after-hours trading to $82.03.

Wix.com Ltd. (WIX) has completed its modified Dutch auction tender offer, acquiringng 17,577,250 shares at $92 per share for a total cost of approximately $1.617 billion. The tender offer, which expired on April 1, accounts for about 29.7% of the company's outstanding shares as of that date. The company stated that the repurchase enables it to return nearly 30% of its market capitalization to shareholders, signaling confidence in its long-term strategy. On Thursday, Wix's stock closed at $81.95, a 9.45% decrease from previous levels. In after-hours trading, the stock showed a slight recovery, rising 0.10% to $82.03. This corporate action is part of wix's ongoing efforts to optimize its capital structure and enhance shareholder value.