Bloomberg Law
Feb. 5, 2021, 2:43 PM

Opendoor Taps $770 Million Offering to Expand Homebuying (1)

Patrick Clark
Patrick Clark
Bloomberg News

Opendoor Technologies Inc., the next-generation home-flipper that went public in December through a merger with a blank-check company, is offering $770 million in shares to fuel its growth plans.

Opendoor is selling more than 28 million shares at a price of $27 each, according to a statement late Thursday. The company, which has been investing heavily to expand product offerings and open for business in new locations, previously said it would offer 24 million shares.

“At 21 markets, we are just scratching the surface today,” the company said in a filing. “We plan to continue to invest to ...

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