Five months after laying off 800 staffers — or 35 percent of its workforce — iBuying startup Opendoor is eyeing a $5 billion IPO with a blank-check company. Welcome to 2020, the year of unending surprises. Founded in 2014, the San Francisco startup is the undisputed market leader in a nascent but burgeoning sector, which accounted for $8 billion worth of home sales in 2019. The general idea behind iBuying is to make a cash
source https://therealdeal.com/2020/09/14/hungry-for-cash-opendoor-eyes-ipo/
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