Opendoor soars after new CEO appointment, founders rejoin board
ReutersSep 10, 2025 9:48 PM
Shares of residential real estate platform Opendoor Technologies OPEN.O rise 11.1% to $6.51 after the bell
OPEN names Kaz Nejatian, chief operating officer of Shopify SHOP.TO, as new CEO
Co-founders Keith Rabois and Eric Wu will return to OPEN's board; Rabois will also become the chairman
OPEN has also entered into securities purchase agreements with Khosla Ventures and Wu to invest $40 million of capital through a private investment
Carrie Wheeler, OPEN's former CEO and board chair, stepped down from her roles in August
OPEN has jumped over 260% YTD, as of last close
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