Five months ago, iBuying startup Opendoor was in survival mode: It paused home buying, laid off 35 percent of its staff and raced to sell $1 billion worth of homes on its books. Now, the company is going public through a $4.8 billion deal with Chamath Palihapitiya’s blank-check company. Invoking past investments in Bitcoin, Amazon, Tesla and Virgin Galactic, Palihapitiya, the founder and CEO of Social Capital, called Opendoor his next “10x idea.” But by
source https://therealdeal.com/2020/09/21/opendoor-is-ready-to-go-public-is-its-balance-sheet/
No comments:
Post a Comment