Mar. 5 at 2:50 PM
$WIX JUST DROPPED A NUKE:
$1.75B BUYBACK = 35% OF THE COMPANY
👉If this is helpful to you, tap @NasdaqKnight
This isn't a drip-feed buyback. This is a TENDER OFFER asking shareholders to name their price between
$80 and
$92. [User sentiment]
THE NUMBERS:
💰 Offer size:
$1.75 BILLION
📊 Current market cap: ~
$4.6B → That's OVER 35% OF THE COMPANY
📈 Stock:
$83.78 (+12.67% today)
🎯 Range:
$80.00 –
$92.00 per share
📅 Expires: April 1, 2026 (midnight NY time)
HOW IT WORKS:
Instead of buying slowly in the open market, WIX is asking shareholders to tender shares at a price they choose within the range. After April 1, the company picks the LOWEST price that lets them buy the target amount—and EVERYONE accepted gets that same price. [User sentiment]
THE SIGNAL:
Management is effectively saying: "We believe our stock is worth at least
$92." That's a 10% premium to today's close. A massive vote of confidence.
