GigaCloud Announces $111M Share Repurchase Program Over 3 Years

GigaCloud Technology has announced a new share repurchase program to buy back up to $111 million of its Class A ordinary shares over three years. The program follows the company's 163% stock price appreciation since its IPO in 2022. GigaCloud has returned nearly $71 million to shareholders through buybacks since going public.

GigaCloud Technology Inc. (Nasdaq: GCT) has announced a new share repurchase program to buy back up to $111 million of its Class A ordinary shares over the next three years. The program, which begins on August 17, 2025, follows the company's significant stock price appreciation since its initial public offering (IPO) in 2022. GigaCloud's shares have appreciated by 163% since the IPO, and the company has already returned nearly $71 million to shareholders through buybacks.

The new repurchase program is supported by GigaCloud's strong financial position, characterized by zero debt and consistent positive operating cash flows. The company's management views share repurchases as a strategic tool to reduce excessive stock price volatility, which they believe can negatively impact shareholder interests. The program will be executed through various means, including open market transactions, privately negotiated transactions, and block trades, in compliance with SEC regulations.

The repurchase authorization's size is notable given that the company's original IPO raised only $41 million. This substantial commitment reflects the company's evolved capital allocation strategy as it has matured in the public markets. The flexibility built into the program allows management to execute purchases opportunistically while maintaining capital for strategic growth initiatives.

GigaCloud Technology Inc. is a pioneer of global end-to-end B2B technology solutions for large parcel merchandise. The company's B2B ecommerce platform, known as the "GigaCloud Marketplace," integrates discovery, payments, and logistics tools into one easy-to-use platform. This platform connects manufacturers primarily in Asia with resellers primarily in the U.S., Asia, and Europe, facilitating cross-border transactions with confidence, speed, and efficiency.

Forward-looking statements in the press release reflect the company's current view about future events and involve known and unknown risks and uncertainties. Investors are encouraged to review other factors that may affect the company's future results in its registration statement and other filings with the SEC.

References:
[1] https://www.stocktitan.net/news/GCT/giga-cloud-technology-inc-announces-new-111-million-share-repurchase-2o6tbf49au3x.html
[2] https://www.marketscreener.com/news/gigacloud-technology-inc-announces-new-111-million-share-repurchase-program-ce7c51dfd18af526