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Opendoor Technologies Inc. (OPEN)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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17.88+0.88 (+5.18%)
At close: 4:00PM EDT
17.88 0.00 (0.00%)
Pre-Market: 04:16AM EDT
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  • p
    paolo
    On ibuyerstats I counted the houses removed from listings (i suppose these have been sold) since June 30
    up to 16 september (today) the houses that have been removed from the list are 7388.
    average price was about 400k$/home. the margin between purchase and sale is about 13%
    according to this, the revenue until now should be around 3Billion. so 400M$ of grossmargin
    Are I wrong in somethings? expected revenue for the full q3 is in 1.8-2B range.
    Bullish
  • E
    E J
    Looks to be bouncing off 17 relatively well. Over 30M volume today should have eaten up a good chunk of the secondary offering. Can it hold the line and go up tomorrow?
  • M
    MANI
    192 homes listed today. Roughly 57 million in listed revenue. In one day and the day is not over yet. It’s 7 pm eastern.
  • K
    Kyle
    SoftBank’s Vision Fund is the seller for the offering in case anyone doesn’t know. They purchased 70m shares for 400M ($5.50/sh) in OPEN’s Series E round (2018).

    They are selling 28m of those 70m in $16-18 range for 450M-500M. After the sale they will still be holding over 40M shares worth about 700M.
  • K
    Kyle
    So to make this clear to everyone: this secondary offering is NOT dilutive. It's an insider selling a large chunk of their shares.

    My guess for who it is: Khosla Ventures / Keith Rabois as the GP. They invested in Opendoor's Series A, B, C, D & E
  • m
    merena
    I heard about OPEN the other day on (http://Pick-stocks.com). It’s looking like an interesting play.
  • M
    MANI
    No additional shares. Outstanding stocks will remain the same.
  • T
    Tony
    the 28M secondary offering is non-dilutive from existing stock held by Softbank. to put this in perspective, daily volume is 11M. draw your own conclusions...
  • J
    Jay T
    Sell off was way over done and a perfectly good buying opportunity. Doubled my position.
  • S
    Steven J.
    Opendoor (OPEN) Announces Proposed 28M Share Secondary Offering. Source: https://goo.io/LatestStockMarketNews
  • v
    veronica
    Bought at 16.66. Great buying opportunity 💪🏼
  • K
    Kyle
    Khosla Ventures owns 46m shares through VK Services Fund. (Series A, B, C, D & E)
    Softbank owns 73m shares through SB Investment Advisors. (Series E)
    Eric Wu owns 45m shares. (This wouldn't make sense)
  • J
    John
    Is this going back to $14.70 support over the next few weeks? don't get me wrong, I'm bullish on the stock just think Sept could be weak for the Nasdaq and growth stocks and then OPEN will explode after Q3 earnings. Thoughts?
  • b
    baby
    Just add more 7200 shares @$17.30 We going up guy! relax
    not added to original float!🍹🍺🍻
    everyone get that straight!😁😁👍👍
    buy the dip😍😍
  • K
    Kyle
    Like this if you’re buying tomorrow.
    Dislike this if you’re selling tomorrow.
  • J
    John
    One of the best stocks $OPEN which always rocks
  • b
    baby
    not added to original float!🍹🍺🍻
    everyone get that straight!😁😁👍👍
    buy the dip😍😍

    Yes sir I am doing it now💰💰💰💰
  • D
    DHARI
    Next week over +20
    Bullish
  • J
    John
    Short interest increased a great deal since the last report was released 2-weeks ago. A bad sign for the short-term although the long-term remains promising.
  • U
    Uzz
    Now this company down only 30% YTD. LOL.
    Bearish