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Opendoor Considers $5B Spac Ipo

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Instant-homebuying startup Opendoor may be jumping on the SPAC bandwagon. The venture-backed company is in advanced talks to go public through a merger with Social Capital Hedosophia Holdings Corp. II, reported Bloomberg. The deal would value Opendoor at $5 billion, and is set to be announced in the next few weeks. Founded in 2013, Opendoor buys homes online for cash and aims to sell them for a profit after making modest repairs. The San Francisco-based The post iBuyer Opendoor eyes $5B IPO via blank-check firm appeared first on The Real Deal New York.

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