Wix.com Ltd. shares rose 2% on Thursday, outpacing a soft market where the S&P 500 fell 1.4%. The move came after the company disclosed preliminary results from its modified Dutch Auction tender offer.
The stock had closed at $90.50 on Wednesday prior to the announcement. According to a preliminary count provided by Equiniti Trust Company, the depositary handling the tender, 18,718,009 shares were properly tendered and not withdrawn at or below the stated purchase price of $92.00 per share. The tender offer expired at one minute after 11:59 P.M., New York City time, on April 1, 2026.
Wix said it expects to accept for payment all 18,718,009 shares that were properly tendered and not withdrawn at the $92.00 purchase price, which would result in an aggregate cost of approximately $1.722 billion, excluding fees and expenses. Those shares represent approximately 31.6% of the number of shares outstanding as of April 1, 2026.
The company and the depositary emphasized that the number of shares to be purchased and the purchase price are preliminary and remain subject to change pending confirmation by the depositary. The preliminary totals assume that all shares tendered under notices of guaranteed delivery will be delivered within the one trading day settlement period.
Wix also stated that the final number of shares to be purchased and the definitive purchase price will be announced after the expiration of the guaranteed delivery period and following the completion of the depositary’s confirmation process. Payment for any shares accepted under the tender offer will be made promptly after those steps are completed.
This disclosure of preliminary tender results follows the mechanics typical of a modified Dutch Auction where shareholders submit offers to sell at or below a specified price and the company determines the purchase price and amount to accept. In this instance, the company’s preliminary indication points to a significant repurchase representing nearly a third of shares outstanding at the proposed price.
No additional operational, financial or strategic commentary was provided alongside the preliminary tender tallies in the announcement.