By Maria Armental

StoneCo Ltd.'s board has approved buying back up to $200 million worth of stock, the company said Thursday.

The new repurchase program replaces a 2019 authorization under which the company had bought more than 3.5 million shares for an aggregate $199.2 million, the company said.

Like the 2019 repurchase program, it doesn't have a fixed expiration date.

Write to Maria Armental at maria.armental@wsj.com

(END) Dow Jones Newswires

05-20-21 1812ET