Riskified Receives Israeli Court Approval For $75M Share Repurchase Program
Portfolio Pulse from Benzinga Newsdesk
Riskified Ltd. has received approval from an Israeli court to proceed with a $75 million share repurchase program. This move could potentially increase shareholder value by reducing the number of shares outstanding and possibly improving earnings per share.

November 20, 2023 | 9:31 pm
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Riskified Ltd. is authorized to buy back $75 million of its shares, which may lead to a reduction in share count and could positively affect the stock price and earnings per share in the short term.
Share repurchase programs are typically viewed positively by the market as they often lead to a reduction in the number of shares outstanding, which can increase earnings per share and return on equity. Additionally, they can signal that the company believes its stock is undervalued. Given the size of the program relative to the company, this could have a meaningful impact on the stock price in the short term.
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