RingCentral authorizes $100M share repurchase program

RingCentral, Inc.

Board authorized repurchase of up to $100M of Class A common stock.
Program effective until December 31, 2022, with discretion on timing and volume.
Funding from future cash flow and capped calls associated with previously redeemed convertible notes.
CEO cites strong confidence in long-term growth and belief that value is not reflected in current market valuation.

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