Opendoor

Home buying startup Opendoor announces it's going public by merging with Chamath Palihapitiya's SPAC

Home buying startup Opendoor announces it's going public by merging with Chamath Palihapitiya's SPAC

Today, Social Capital Hedosophia II, the blank-check company associated with investor Chamath Palihapitiya, announced that it will merge with Opendoor, taking the private real estate startup public in...

Sources: Opendoor, which directly buys and sells homes online, is in talks to go public via merger with Social Capital II, valuing the combined company at ~$5B

- Transaction could be valued at around $5 billion, people said  — Blank-check company is led by chairman Chamath Palihapitiya

Opendoor acquires Open Listings, which automates much of the home sales process, in its first acquisition as sources say funding from SoftBank is imminent

Opendoor, a four year-old, San Francisco-based company, has from the outset intended to make it possible to buy and sell residential real estate with a few key strokes.