Opendoor (OPEN) Announces Proposed 28M Share Secondary Offering

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Go back to Opendoor (OPEN) Announces Proposed 28M Share Secondary Offering

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

September 13, 2021 4:07 PM EDT

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... More