Offerpad to Join Russell 2000® and 3000® Index Effective July 1, 2024
07 6월 2024 - 5:05AM
Business Wire
Offerpad Solutions Inc. (“Offerpad”) (NYSE: OPAD), a leading
tech-enabled platform for residential real estate, announced today
that Offerpad is expected to be included in the Russell 2000® and
3000® Indexes effective at the open of U.S. equity markets on July
1, 2024. A preliminary list of index additions, including OPAD, was
posted by FTSE Russell on May 24, 2024.
“We are pleased to be added to The Russell 2000 and 3000, a
leading global index provider. We believe being a part of the index
will raise visibility into Offerpad’s real estate platform and our
huge market opportunity to a broad range of quality investors,”
said Brian Bair, Offerpad’s Chairman and CEO.
The Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. Approximately $10.5 trillion in
assets are benchmarked to or invested in products based on the
Russell US Indexes.
For more information on the Russell 2000® and 3000® Index and
the Russell indexes reconstitution, go to the “Russell
Reconstitution” section on the FTSE Russell website.
About Offerpad Solutions Inc.
Offerpad, dedicated to simplifying the process of buying and
selling homes, is a publicly traded company committed to providing
comprehensive solutions that removes the friction from real estate.
Our advanced real estate platform offers a range of services, from
consumer cash offers to B2B renovation solutions and industry
partnership programs, all tailored to meet the unique needs of our
clients. Since 2015, we've leveraged local expertise in residential
real estate alongside proprietary technology to guide homeowners at
every step. Learn more at www.offerpad.com.
#OPAD_IR
Forward-Looking Statements
Certain statements in this press release may be considered
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements generally relate to future events or Offerpad’s future
financial or operating performance. For example, statements
regarding Offerpad’s financial outlook, including homes sold,
revenue and Adjusted EBITDA, for the second quarter 2024, and
expectations regarding market conditions, strategic imperatives and
profitability, including the timing of reaching sustainable
positive Adjusted EBITDA, are forward-looking statements. In some
cases, you can identify forward-looking statements by terminology
such as “pro forma,” “may,” “should,” “could,” “might,” “plan,”
“possible,” “project,” “strive,” “budget,” “forecast,” “expect,”
“intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,”
“potential” or “continue,” or the negatives of these terms or
variations of them or similar terminology. Such forward-looking
statements are subject to risks, uncertainties, and other important
factors that could cause actual results to differ materially from
those expressed or implied by such forward-looking statements.
Factors that may impact such forward-looking statements include,
but are not limited to, Offerpad’s ability to respond to general
economic conditions; the health of the U.S. residential real estate
industry; Offerpad’s ability to grow market share in its existing
markets or any new markets it may enter; Offerpad’s ability to
manage its growth and its costs structure effectively; Offerpad’s
ability to accurately value and manage real estate inventory,
maintain an adequate and desirable supply of real estate inventory,
and manage renovations; Offerpad’s ability to successfully launch
new product and service offerings, and to manage, develop and
refine its technology platform; Offerpad’s ability to maintain and
enhance its products and brand, and to attract customers;
Offerpad’s ability to achieve and maintain profitability in the
future; the success of strategic relationships with third parties;
and Offerpad’s failure to meet the New York Stock Exchange’s
continued listing standards. These and other important factors
discussed under the caption "Risk Factors" in Offerpad’s Annual
Report on Form 10-K for the year ended December 31, 2023 filed with
the Securities and Exchange Commission on February 27, 2024, and
Offerpad’s other reports filed with the Securities and Exchange
Commission could cause actual results to differ materially from
those indicated by the forward-looking statements made in this
press release. These forward-looking statements are based upon
estimates and assumptions that, while considered reasonable by
Offerpad and its management, are inherently uncertain. Nothing in
this press release should be regarded as a representation by any
person that the forward-looking statements set forth herein will be
achieved or that any of the contemplated results of such
forward-looking statements will be achieved. You should not place
undue reliance on forward-looking statements, which speak only as
of the date they are made. Offerpad undertakes no obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as
may be required under applicable securities laws.
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Offerpad Solutions (NYSE:OPAD)
과거 데이터 주식 차트
부터 9월(9) 2024 으로 10월(10) 2024
Offerpad Solutions (NYSE:OPAD)
과거 데이터 주식 차트
부터 10월(10) 2023 으로 10월(10) 2024