$IPOB: iBuyer Opendoor to Merge w/ Chamath Palihapitiya’s SPAC

News has broke that Opendoor will go public by merging with Chamath Palihapitiya’s SPAC Social Capital Hedosophia II in a deal valuing the linear iBuyer at $4.8 billion. Alex discusses the Opendoor deal and SPACs as a whole verses a traditional IPO route via working with banks.

Originally Aired: 10/01/20

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