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Opendoor Buys Back Shares to Boost Value | Real Estate News
Opendoor is making a bold move to boost shareholder value by buying back $158 million worth of its own stock—its first such action since going public—using a new $650 million loan. The buyback, targeting 45 million shares (a 5% reduction), aims to push the share price above $10.38 and counteract dilution, a concern CEO Kaz Nejatian openly admits he dislikes. With the rest of the loan earmarked for accelerating home purchases and growth, the company also plans to keep its stock price strong by Nejatian personally investing $100,000 in Opendoor shares. This aggressive strategy follows a mixed…
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