Wix completes $1.7 billion share buyback through tender offer

Wix.com Ltd. (NASDAQ: WIX) announced preliminary results of its modified Dutch auction tender offer that expired April 1, 2026. The company expects to repurchase 18.7 million shares at $92.00 per share for approximately $1.722 billion, excluding fees and expenses.

The repurchased shares represent approximately 31.6 percent of Wix's outstanding shares as of April 1, 2026. All properly tendered shares that were not withdrawn were accepted at the $92.00 purchase price, according to preliminary counts by Equiniti Trust Company, the depositary for the tender offer.

The results remain preliminary and subject to confirmation by the depositary. Final numbers will be announced following the expiration of the guaranteed delivery period and completion of the confirmation process. Payment for accepted shares will occur after this process is complete.

J.P. Morgan Securities LLC served as deal manager for the tender offer. The company stated the preliminary information assumes all shares tendered through notice of guaranteed delivery will be delivered within the one trading day settlement period.

Wix operates as a website building platform that provides tools for users and businesses to create online presence. The company was founded in 2006 and completed an acquisition of Base44, described as a no-code application platform, in 2025.

You May Also Be Interested In

• JPMorgan Upgrades IBM (IBM) to Overweight
• salesforce.com (CRM) Reiterated at Market Outperform by Citizens: Acquiring Fin
• Jinxin Technology plans 1-for-25 reverse ADS split