BUZZ-Residential real estate co Offerpad slides on direct stock deal

Reuters
01/12
BUZZ-Residential real estate co Offerpad slides on direct stock deal

** Shares of tech-driven residential real estate co Offerpad Solutions OPAD.N down 13.7% premarket to $1.89 after equity raise news

** Tempe, Arizona-based iBuyer (instant buyer) firm says it sold 10 mln shares to institutional investors in direct stock offering at $1.80 for $18 mln raise

** OPAD shares rallied ~44% to close at $2.19 on Fri as housing-linked stocks surged on President Donald Trump's $200 bln mortgage bond-buy order

** Co expects to use net offering proceeds for general working capital, including supporting growth initiatives, inventory optimization, and strengthening its balance sheet

** It has ~36.9 mln shares outstanding

** 3 of 4 analysts covering the stock rate "hold", 1 recommends "buy"; median PT $1.75, per LSEG data

** Through Fri close, OPAD shares up 81% to begin the year, after shedding about 58% in 2025

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10