Wix Finalizes $1.62 Billion Dutch Auction Buyback at $92

Overview

• Wix said the completed tender repurchased 17,577,250 shares at $92 per share for about $1.617 billion.
• The buyback removes roughly 29.7% of shares outstanding as of April 1, 2026.
• The final count fell short of the preliminary 18,718,009 shares because some guaranteed‑delivery tenders did not arrive in time.
• UBS cut the stock to Neutral, citing an expected slowdown in the core business to about 8% growth in 2026 and uncertainty around Base44, which recently topped $100 million in recurring revenue.
• A modified Dutch auction lets shareholders name a price within a set range, and the company buys at one clearing price from all tenders at or below that level.