Opendoor Technologies Inc.

Opendoor Technologies Inc. (Nasdaq: OPEN) is a residential real estate technology company operating in the iBuying and digital home-transaction sector. On February 28, 2020, the company filed an S-1 registration statement with the SEC, an early step toward a potential traditional IPO. Opendoor ultimately pursued an alternative path, completing a SPAC merger with Social Capital Hedosophia Holdings Corp. II, sponsored by Social Capital Hedosophia — the vehicle led by Chamath Palihapitiya — with the transaction closing in December 2020 and the company listing on Nasdaq under the ticker OPEN. The deal ranked among the most prominent de-SPAC transactions of the 2020 cycle. Sign up on SpacDesk for full deal timelines, sponsor profiles, and filing analytics across the SPAC universe.