Wix Plans $1.72B Tender Offer to Repurchase 18.7M Shares
Wix announced preliminary tender offer results with 18,718,009 shares properly tendered at $92 per share. The company expects to repurchase these shares for approximately $1.722 billion, representing about 31.6% of outstanding shares, pending final confirmation.
1. Preliminary Tender Offer Results
Wix’s modified Dutch auction tender offer expired April 1 with a preliminary count showing 18,718,009 ordinary shares properly tendered at or below the $92 per share purchase price.
2. Aggregate Cost and Outstanding Shares
Based on the preliminary count, the company expects to accept all tendered shares for an aggregate cost of approximately $1.722 billion, representing roughly 31.6% of its ordinary shares outstanding as of April 1, 2026.
3. Confirmation and Next Steps
These preliminary figures are subject to confirmation following the guaranteed delivery period and Depositary verification, with the final number of shares to be purchased and final purchase price to be announced upon completion of the validation process.