Opendoor's stock drops after secondary share offering priced [MarketWatch]
Opendoor Technologies Inc (OPEN)
Company Research
Source: MarketWatch
Shares of Opendoor Technologies Inc. slumped 5.5% in premarket trading, after the online home buying, selling and trading-in company said its secondary offering of shares has priced. The company said late Monday that a selling stockholder was offering 28.0 million shares to the public, and has granted the underwriters of the offering options to buy up to an additional 4.2 million shares to cover over-allotments. The company did in its press release Tuesday that the offering had priced, but did not say what that price was. Based on Monday's stock closing price of $17.76, the offering could be valued at $497.3 million, or at $571.9 million if underwriters exercise all options to buy additional shares. The offering, excluding the options for additional shares, represents about 4.6% of the total shares outstanding. Opendoor's stock has dropped 21.9% year to date through Monday, while the S&P 500 has gained 19.0%.
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News
- Fabrics Global Industry Report 2024 | Now Available [Yahoo! Finance]Yahoo! Finance
- Here's Exactly When You Should Sell Your Home to Make the Most Money [Yahoo! Finance]Yahoo! Finance
- Here's Why I Might Finally Buy Opendoor [Yahoo! Finance]Yahoo! Finance
- Shore Consulting Launches BUILDER365 Podcast, Celebrating and Elevating the Homebuilding Industry [Yahoo! Finance]Yahoo! Finance
- Opendoor Technologies First Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
OPEN
Earnings
- 5/2/24 - Beat
OPEN
Sec Filings
- 5/10/24 - Form 4
- 5/8/24 - Form 4
- 5/6/24 - Form SC
- OPEN's page on the SEC website