OPENDOOR TECHNOLOGIES INC (OPEN)

Company Profile

Opendoor Technologies, Inc. operates as an online platform for buying, selling and trading-in residential properties. The company is headquartered in Tempe, Arizona and currently employs 2,570 full-time employees. The company went IPO on 2020-12-18. The Company, by leveraging software, data science, product design and operations, it manages a marketplace for residential real estate that offers buyers and sellers an enhanced experience. Its products include a first-party (1P) product and a third-party (3P) product. The 1P product enables the sellers to sell their home directly to customers and the Company resell the home to a home buyer. By selling to Opendoor, homeowners can avoid the stress of open houses, home repairs, overlapping mortgages and the uncertainty that can come with listing a home on the open market. The 3P product offering connects the home seller with either an institutional or retail buyer, facilitating the transaction without customer taking ownership of the home. Sellers can request an offer from its network of buyers, while also receiving an Opendoor offer. The company operates in approximately 44 markets across the country.

Company Info

OPENDOOR TECHNOLOGIES INC

410 N. Scottsdale Road, Suite 1600

Tempe ARIZONA 85281

P: 14806186760

CEO: Eric Wu

Employees: 2570

Website: https://investor.opendoor.com/