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Opendoor Seeks To Cash In On Hot Market—Again—With $680 Million Public Offering

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Opendoor seeks to cash in on the hot market—again—with a $680 million public offering by Noah_Kirsch

On Tuesday, the company announced that it plans to sell another 24 million shares of common stock—worth approximately $680 million as of the day’s market close.

The company, which was valued at $3.8 billion in 2019, is now worth over $15 billion; cofounder Eric Wu briefly becamein December when Opendoor went public. He is presently worth an estimated $850 million.

 

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Noah_Kirsch

Noah_Kirsch We are all about some .....,IPOE , IPOF AND IPOD clover and open, and ready to drop money into IPOG 💵

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