GigaCloud Technology Inc (Nasdaq: GCT), a leader in global B2B technology solutions, announced a new share repurchase program valued at $111 million. The program, approved by the Board of Directors, allows the company to buy back its Class A ordinary shares over the next three years. This initiative, effective from August 17, 2025, follows the successful appreciation of its share price by 163% since its IPO in 2022. With zero debt and positive operating cashflows, GigaCloud plans to leverage its strong financial position to enhance shareholder value through this buyback plan.
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