Wix Launches $1.75 Billion Tender Offer at $80–$92, Expanding $2B Buyback
Website-building platform Wix announced a $1.75B modified Dutch auction tender offer to repurchase shares at $80-$92 per share, expiring April 1 with no minimum tender or financing contingencies. It follows Q4 revenue of $524.3M (+14% YoY) and adjusted EPS of $1.81, rolling into a $2B buyback plan through 2026.
1. Tender Offer Details
Wix has initiated a modified Dutch auction tender offer to repurchase up to $1.75 billion of its ordinary shares at $80–$92 per share. The offer runs through April 1, carries no minimum acceptance threshold, and is not subject to financing contingencies, allowing shareholders to tender without brokerage commissions.
2. Q4 Financial Performance
In the fourth quarter, Wix generated $524.3 million in revenue, a 14% increase year-over-year, and reported adjusted earnings of $1.81 per share, both exceeding internal expectations. These results underscore sustained demand for its website-building and cloud services amid continued platform investments.
3. Capital Allocation Strategy
Beyond the near-term buyback, Wix has set a broader $2 billion share repurchase plan through 2026 and arranged a private placement of up to $250 million to fund general corporate needs. Management cites confidence in long-term growth and plans further investments in AI-driven products and no-code offerings.