SPAC, Online Homeseller Opendoor Ready IPO In $4.8B Deal
PYMNTS
SEPTEMBER 16, 2020
Real estate platform Opendoor is set to go public via a merger with blank-check company Social Capital Hedosophia II in a deal that will value the combined company at $4.8 Social Capital Hedosophia II will infuse Opendoor with a $1 billion cash injection. SPACs like Palihapitiya's Social Capital have become popular in recent years.
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