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The merged company was valued at $4.8 billion. Regarding this, OPEN Founder Eric Wu said, “This is one of many milestones towards our mission and will help us accelerate the path towards building the digital one-stop-shop to move.” It was ranked #35 on CNBC’s 2020 Disruptor 50 list.
However, shares of OPEN have declined 52.5% in price since its listing to close yesterday’s trading session at $13.30. The stock has slumped 38.2% over the past month and 11.2% over the past five days.
