GigaCloud (GCT) announced that its Board of Directors has authorized a new share repurchase program to repurchase up to $111M of its Class A ordinary shares over the next three years. The program goes into effect on August 17 while the previous program is terminated.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GCT:
- GigaCloud price target raised to $31 from $18.50 at Roth Capital
- GigaCloud Technology’s Strategic Growth Amid Market Challenges
- Tesla disbands supercomputer team, Trade Desk Q2 spurs downgrades: Morning Buzz
- GigaCloud price target raised to $33 from $26 at Lake Street
- GigaCloud Technology Reports Record Quarterly Revenue