Wix.com Board Authorizes Increase To Repurchase Program
(RTTNews) - Wix.com (WIX) said its Board has authorized an increase to its program to repurchase the company's securities by an additional amount of $200 million. Together with the previously authorized $400 million out of which $100 million has been utilized, the aggregate amount available under the repurchase program will be up to $500 million. Since the beginning of 2025, the company has repurchased $300 million of ordinary shares.
Under the Board authorized repurchase program, company securities may be repurchased from time to time using a variety of methods, which may include open market purchases, privately negotiated transactions or otherwise.
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.