StockNews.AI
RERE
StockNews.AI
50 days

ATRenew Announces US$50 Million Share Repurchase Program

1. ATRenew authorized a $50 million share repurchase program for up to 12 months. 2. Repurchases can occur at prevailing market prices or through negotiated transactions. 3. The program intends to enhance shareholder value amid stable cash reserves. 4. ATRenew operates as a leader in pre-owned consumer electronics in China. 5. Company focuses on environmental sustainability through recycling and trade-in services.

Shares Buyback
-3.58%Current Return
VS
+0.47%S&P 500
$3.4906/30 06:15 AM EDTEvent Start
$3.36507/01 12:55 PM EDTLatest Updated
7m saved
Insight
Article

FAQ

Why Bullish?

Share repurchase programs often indicate management confidence and can lead to stock price appreciation. Historical examples include similar programs from companies like Apple and their positive impact on stock performance.

How important is it?

The announcement of a substantial share repurchase program is a strong signal of financial health and investor confidence, making it likely to attract investors and positively influence RERE’s stock price.

Why Short Term?

The immediate buyback program is expected to influence stock price quickly, typically within weeks to months. Previous buybacks have positively impacted companies shortly after announcements.

Related Companies

AAPLTSLAGOOGL
, /PRNewswire/ -- ATRenew Inc. ("ATRenew" or the "Company") (NYSE: RERE), a leading technology-driven pre-owned consumer electronics transactions and services platform in China, today announced that its board of directors has authorized a new share repurchase program, under which the Company may repurchase up to US$50 million of its shares (including in the form of American depositary shares) over a 12-month period starting from June 30, 2025.  The Company's proposed repurchases may be made from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. The Company's board of directors will review the share repurchase program periodically, and may authorize adjustment of its terms and size. The Company expects to fund the repurchases out of its existing cash balance. About ATRenew Inc. Headquartered in Shanghai, ATRenew Inc. operates a leading technology-driven pre-owned consumer electronics transactions and services platform in China under the brand ATRenew. Since its inception in 2011, ATRenew has been on a mission to give a second life to all idle goods, addressing the environmental impact of pre-owned consumer electronics by facilitating recycling and trade-in services, and distributing the devices to prolong their lifecycle. ATRenew's open platform integrates C2B, B2B, and B2C capabilities to empower its online and offline services. Through its end-to-end coverage of the entire value chain and its proprietary inspection, grading, and pricing technologies, ATRenew sets the standard for China's pre-owned consumer electronics industry. ATRenew is a participant in the United Nations Global Compact, and adheres to its principles-based approach to responsible business. Safe Harbor Statement This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to" and similar statements. Among other things, quotations in this announcement, contain forward-looking statements. ATRenew may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about ATRenew's beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: ATRenew's strategies; ATRenew's future business development, financial condition and results of operations; ATRenew's ability to maintain its relationship with major strategic investors; its ability to facilitate pre-owned consumer electronics transactions and provide relevant services; its ability to maintain and enhance the recognition and reputation of its brand; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in ATRenew's filings with the SEC. All information provided in this press release is as of the date of this press release, and ATRenew does not undertake any obligation to update any forward-looking statement, except as required under applicable law. Investor Relations Contact In China:ATRenew Inc.Investor RelationsEmail: [email protected]  In the United States:ICR LLC.Email: [email protected] Tel: +1-212-537-0461 SOURCE ATRenew Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

Related News