Wix.com Approves $2 Billion Share Buyback Program Through 2027
Wix.com Ltd. (WIX) surged 4.83% in pre-market trading after unveiling a $2 billion share repurchase authorization spanning fiscal years 2026-2027. The Israeli website builder will acquire ordinary shares or convertible notes through multiple funding channels—existing cash reserves, operational cash flows, or potential capital raises via debt/equity instruments.
Execution hinges on a mandatory 30-day creditor objection period under domestic regulations. The board's MOVE signals confidence in sustained cash generation, with flexibility to adjust repurchase methods based on market conditions. No immediate impact on cryptocurrency markets was observed, though such corporate actions often reflect broader tech sector liquidity trends that indirectly affect digital asset valuations.
