Opendoor Technologies Announces Offering Of $650M Of 0% Convertible Senior Notes Due 2030; Intends To Repurchase ~45.3M Shares For $158M, Or $3.49 Per Share, Concurrently With The Offering
Opendoor Technologies Inc. (NASDAQ:OPEN) (the "Company"), a leading e-commerce platform for residential real estate transactions, today announced a series of transactions whose proceeds will add $440 million of
Opendoor is borrowing $650 million to buy back about 45 million of its own shares at $3.49 each. This shows the company thinks its stock is undervalued and wants to own more of itself.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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