Wix.com Ltd. (WIX), a technology company, on Wednesday announced that its board has approved a two-year share repurchase program for fiscal years 2026 and 2027, authorizing the company to buyback up to $2 billion of its securities.
The company said that the repurchases may begin following the conclusion of a 30-day period during which creditors may object under applicable Israeli regulations.
The company expects to fund the repurchases using cash on hand, future cash flows from operations, or additional capital raised through debt, equity, or equity-linked securities.
In the pre-market trading 4.83% higher at $92.21 on the Nasdaq.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.