Global-e Online Ltd. (GLBE), an e-commerce company, Thursday announced that it has been authorized to repurchase up to $500 million of its ordinary shares.
"As we have now completed approximately 80% of our $200 million 2025 repurchase plan, we are pleased to announce a new, incremental $500 million repurchase program. This new plan reflects our confidence in the company's ability to generate strong, sustainable cash flow while continuing to invest in strategic initiatives.", said Ofer Koren, Global-e's CFO.
In pre-market activity, GLBE shares were trading at $32.92, up 3.55% on the Nasdaq.
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