iBuying startup Opendoor made its IPO plans official Tuesday, confirming a $4.8 billion deal with a blank-check company. The company’s merger with Chamath Palihapitiya’s Social Capital Hedosophia Holdings II will give Opendoor $1 billion in cash, the companies said. The deal values the San Francisco startup at $4.7 billion, matching its 2019 revenue. Appearing Tuesday on CNBC’s Squawk Box, Palihapitiya projected Opendoor’s revenue could hit $9.8 billion by 2023 and keep growing. “If you take
source https://therealdeal.com/2020/09/15/opendoor-confirms-4-8-billion-ipo/
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