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-0.0379528464634848 -0.031627372052904 -0.0287521564117309 -0.0310523289246693 -0.0264519838987925 -0.0258769407705578 -0.0258769407705578 -0.0224266820011501
Stock impact report

Opendoor Technologies Inc. Announces Proposed Secondary Public Offering of Common Stock by Selling Stockholder

Opendoor Technologies Inc (OPEN) 
Company Research Source: GlobeNewswire
SAN FRANCISCO, Sept. 13, 2021 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (Nasdaq: OPEN) (“Opendoor”), a leading digital platform for residential real estate, today announced the commencement, subject to market and other conditions, of a proposed registered secondary public offering of 28,000,000 shares of common stock by an existing stockholder of Opendoor (the “Selling Stockholder”). The underwriter will have a 30-day option to purchase up to an additional 4,200,000 shares of common stock from the Selling Stockholder. Opendoor is not selling any shares and will not receive any proceeds from the proposed offering. The proposed offering will not change the number of shares of common stock that are currently outstanding. Citigroup Global Markets Inc. is acting as sole book-running manager for the proposed offering. Citigroup proposes to offer the shares of common stock for sale from time to time in one or more transactions on The Nasdaq Global Select Market, in the over-the-count Show less Read more
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