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Victory Capital Holdings board OKs new stock buyback plan

Victory Capital Holdings Inc.'s board approved a new stock buyback program authorizing the repurchase of up to $15 million of the company's class A common stock through Dec. 31, 2020.

Under the new program, shares may be repurchased in the open market or in privately negotiated transactions.

The company's prior $15 million stock repurchase authorization, initiated in May 2018, has been largely completed, according to a news release.