Instant-homebuying startup Opendoor may be jumping on the SPAC bandwagon. The venture-backed company is in advanced talks to go public through a merger with Social Capital Hedosophia Holdings Corp. II, reported Bloomberg. The deal would value Opendoor at $5 billion, and is set to be announced in the next few weeks. Founded in 2013, Opendoor buys homes online for cash and aims to sell them for a profit after making modest repairs. The San Francisco-based
source https://therealdeal.com/2020/09/11/ibuyer-opendoor-eyes-5b-ipo-via-blank-check-firm/
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