Opendoor's stock drops after secondary share offering priced

Dow Jones2021-09-14

MW Opendoor's stock drops after secondary share offering priced

Shares of Opendoor Technologies Inc. $(OPEN.UK)$ 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%.

-Tomi Kilgore

$(END)$ Dow Jones Newswires

September 14, 2021 07:45 ET (11:45 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

李欧8886
2021-09-23
李欧8886
繼續持有
XIN90
2021-09-14
XIN90
:(

Leave a comment

2

1

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2167555319?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-09-14 19:45","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2167555319","market":"us","top_or_hot":-1,"title":"Opendoor's stock drops after secondary share offering priced","media":"Dow Jones","content":"<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Opendoor's stock drops after secondary share offering priced\n</p>\n<p>\n  Shares of <a href=\"https://laohu8.com/S/OPEN\">Opendoor Technologies Inc</a>. <a href=\"https://laohu8.com/S/OPEN.UK\">$(OPEN.UK)$</a> 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 $571.9 million if underwriters exercise all options to buy additional shares. The offering, excluding the options for additional shares, represents about 4.6% of the total shares outstanding. Opendoor's stock has dropped 21.9% year to date through Monday, while the S&amp;P 500  has gained 19.0%. \n</p>\n<p>\n  -Tomi Kilgore \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  September 14, 2021 07:45 ET (11:45 GMT)\n</p>\n<p>\n  Copyright (c) 2021 Dow Jones &amp; Company, Inc.\n</p>\n</font></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Opendoor's stock drops after secondary share offering priced</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOpendoor's stock drops after secondary share offering priced\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-14 19:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>MW Opendoor's stock drops after secondary share offering priced\n\n\n  Shares of Opendoor Technologies Inc. $(OPEN.UK)$ slumped 5.5% in premarket trading, after the online home buying, selling and ...</p>\n\n<a href=\"http://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"OPEN","symbol_name":"Opendoor Technologies Inc","start_time":0,"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2167555319","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2167555319","pubTimestamp":1631619900,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"MW Opendoor's stock drops after secondary share offering priced\n\n\n  Shares of Opendoor Technologies ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"OPEN":"Opendoor Technologies Inc"},"translate_title":"OpenDoor的股票在第二次股票发行定价后下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"OPEN":0.9},"content_text":"MW Opendoor's stock drops after secondary share offering priced\n\n\n  Shares of Opendoor Technologies Inc. $(OPEN.UK)$ 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 $571.9 million if underwriters exercise all options to buy additional shares. The offering, excluding the options for additional shares, represents about 4.6% of the total shares outstanding. Opendoor's stock has dropped 21.9% year to date through Monday, while the S&P 500  has gained 19.0%. \n\n\n  -Tomi Kilgore \n\n\n \n\n\n$(END)$ Dow Jones Newswires\n\n\n  September 14, 2021 07:45 ET (11:45 GMT)\n\n\n  Copyright (c) 2021 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":863949225,"gmtCreate":1632355281667,"gmtModify":1676530759769,"author":{"id":"4091536494292900","authorId":"4091536494292900","authorIdStr":"4091536494292900","name":"李欧8886","avatar":"https://static.tigerbbs.com/b9a7ca0f1e442bd3dc4abce395877cd3","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4091536494292900"},"htmlText":"繼續持有","listText":"繼續持有","text":"繼續持有","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/863949225","repostId":2167555319,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":886706486,"gmtCreate":1631622907545,"gmtModify":1676530592118,"author":{"id":"3575421183576572","authorId":"3575421183576572","authorIdStr":"3575421183576572","name":"XIN90","avatar":"https://static.tigerbbs.com/a03ad25cd0afaee9bf2e99b32ad14452","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3575421183576572"},"htmlText":":(","listText":":(","text":":(","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/886706486","repostId":2167555319,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":1,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.27.0","shortVersion":"4.27.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2167555319"}