SPY312.23+1.71 0.55%
DIA258.42+1.11 0.43%
IXIC10,207.63+53.00 0.52%

LAIX Inc. Announces Up to $20M Share Repurchase Program


Benzinga · -

LAIX Inc. ("LAIX" or the "Company") (NYSE: LAIX) today announced that its board of directors has authorized a share repurchase program under which the Company may repurchase up to US$20 million of its outstanding American depositary shares over the next 12 months, subject to relevant rules under the Securities Exchange Act of 1934, as amended, and the Company's insider trading policy.