The company is the latest startup to go public through a special purpose acquisition company. : (Bloomberg)—Opendoor is going public through a merger with Social Capital Hedosophia Holdings Corp. II in a deal that gives the property technology startup an enterprise value of $4.8 billion. The deal will provide as much as $1 billion in cash, including up to $414 million held by Social Capital II, the blank-check company led by Chairman Chamath Palihapitiya, according to a statement on Tuesday that confirmed earlier reporting from Bloomberg. Opendoor is the latest startup to go public through a special purpose acquisition company, or SPAC.