ATRenew announces $50 million share repurchase program

SHANGHAI - ATRenew Inc. (NYSE:RERE), a technology-driven pre-owned consumer electronics transactions platform in China with a market capitalization of $779 million, announced Monday that its board of directors has authorized a new share repurchase program of up to $50 million over a 12-month period. According to InvestingPro data, the stock is currently trading near its Fair Value.

The repurchase program will commence on June 30, 2025, according to a press release statement from the company. The Shanghai-based firm may conduct the repurchases through open market transactions, privately negotiated deals, block trades or other legally permissible means, depending on market conditions.

The company’s board will review the program periodically and may adjust its terms and size. ATRenew plans to fund the repurchases from its existing cash balance.

ATRenew, which has operated in China since 2011, focuses on recycling and trade-in services for pre-owned consumer electronics. The company’s platform integrates consumer-to-business, business-to-business, and business-to-consumer capabilities across its online and offline services.

The announcement comes as part of the company’s ongoing capital allocation strategy. Share repurchase programs typically aim to return value to shareholders and can indicate management’s confidence in a company’s financial position or belief that its shares are undervalued.

ATRenew is listed on the New York Stock Exchange under the ticker symbol RERE.

In other recent news, ATRenew Inc. has disclosed its unaudited financial results for the first quarter of 2025. The report, filed with the U.S. Securities and Exchange Commission, provides insights into the company’s performance for the period ending March 31, 2025. These results are unaudited, which is a standard practice for quarterly financial information, allowing investors an early view of the company’s performance. The filing, signed by Chief Financial Officer Chen Chen, indicates that ATRenew Inc. will continue to file its annual reports under Form 20-F. This format is used by foreign private issuers to align more closely with U.S. domestic company requirements. Investors and stakeholders can access detailed financial information in the SEC filing to better understand ATRenew Inc.’s financial health and strategic direction. These developments are part of ATRenew Inc.’s ongoing commitment to transparency with its investors.

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