Wix to Repurchase $1.617B of Shares at $92, Covering 29.7% of Outstanding Stock
Wix repurchased 17,577,250 ordinary shares at $92.00 each in its modified Dutch auction tender offer, representing 29.7% of shares outstanding. Total cost was approximately $1.617 billion, excluding fees and expenses, reflecting strong shareholder support for its long-term AI-driven strategy.
1. Tender Offer Results
Wix’s modified Dutch auction tender offer expired at 11:59 PM on April 1, 2026, with 17,577,250 ordinary shares properly tendered and not withdrawn at or below the $92.00 purchase price. Shares delivered via guaranteed delivery that missed the settlement deadline were excluded; Wix accepted and will pay for all properly tendered shares.
2. Financial Impact
The repurchase carries an aggregate cost of approximately $1.617 billion, excluding fees and expenses, and will reduce the share count by nearly 30%. This significant return of capital is expected to bolster per-share metrics and demonstrate disciplined capital allocation.
3. Strategic Rationale
Company leadership views the buyback as validation of its long-term strategy to leverage AI and enterprise-grade tools, interpreting strong take-up as shareholder confidence in future growth prospects. President Nir Zohar highlighted the transaction’s role in returning meaningful value to investors.
4. Settlement Process and Contacts
Equiniti Trust Company served as depositary and completed the final share tally, while J.P. Morgan Securities acted as deal manager. Shareholders with inquiries can contact the designated information agent or dealer manager through provided channels.