Australia's Hipages jumps on share buyback plan, insurance platform stake acquisition

Hipages group

30/04/2026 02:05

** Hipages HPG.AX jumps up to 7.3% to A$0.740, set for its strongest session since March 26 and hits a one‑week high

** SaaS platform provider unveils an on‑market buyback for up to 10% of its issued share capital

** Says it has acquired a majority equity stake in insurance platform VIZ Insurance from Insurtech Gateway Australia for A$1.4 million ($997,500.00)

** Says the deal marks the next leg of Hipages’ adjacency push, broadening its addressable market, among others

** Stock down 40.3% YTD

($1 = 1.4035 Australian dollars)

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))