ATRenew Unfurls $100M Share Buyback Program

ATRenew Inc's (NYSE:RERE) board authorized a share buyback program to repurchase up to $100 million of its shares over twelve months starting from December 28.
ATRenew is a technology-driven pre-owned consumer electronics transactions and services platform in China.
ATRenew expects to fund the repurchases from its existing cash balance. It held $393.9 million in cash and equivalents as of September 30.
Price Action: RERE shares closed higher by 1.39% at $5.82 on Monday.