Inside Opendoor’s IPO filing: Nearly $1B in losses and new ownership structure

Opendoor took another step toward a public offering Monday with an IPO filing that details the company’s nearly $1 billion in losses to date. The iBuyer’s S-4, filed with the U.S. Securities and Exchange Commission, gives an unvarnished look at the seven-year-old company’s financials, its growth plan and the ownership structure that will be in place after it merges with Chamath Palihapitiya’s blank-check company. Opendoor’s prior backers include SoftBank and billionaire Len Blavatnik’s Access Industries.

source https://therealdeal.com/2020/10/05/inside-opendoors-ipo-filing-nearly-1b-in-losses-and-new-ownership-structure/