Opendoor

Not so long ago, in a galaxy not so far away, corporations thought they hit the jackpot. Not so long ago was 2021, and the galaxy in question was the United States of America. Institutions discovered a niche market that produced reliable, incredibly high yields. The market was real estate —...

One of the most talked about SPAC mergers of 2020 gets a vote date to approve the deal. What Happened: Shareholders of Social Capital Hedosophia Holdings Corp II (NYSE: IPOB) will vote on the SPAC deal with Opendoor on Dec. 17, 2020. Why It’s Important: Opendoor will begin trading on the New...

Less than two weeks ago, ARK Investment CEO Catherine Wood began accumulating a stake in a SPAC from Chamath Palihapitiya. She has since added to that stake and also taken a stake in the same company in another ETF. What Happened: The Ark Next Generation Internet ETF (NYSE: ARKW) has increased...

One of the top performing ETFs of 2020 is adding a special purpose acquisition company before it finalizes a merger. What Happened: On Monday, the Ark Next Generation Internet ETF (NYSE: ARKW) took a small stake in Social Capital Hedosophia II (NYSE: IPOB), a SPAC led by Chamath Palihapitiya....

Chamath Palihapitiya joined the September Benzinga Boot Camp on Friday, sharing a wide range of thoughts on SPACs. Palihapitiya On SPACs: Palihapitiya has been referred to as the king of SPACs.  His first SPAC offering, Social Capital Hedosophia Holdings, raised $600 million and...

Special purpose acquisition companies, or SPACs, have been one of the hottest ways for companies to go public and raise money in 2020. This year has seen $42 billion raised from SPACs, more than the last five years combined.  What Happened: SEC Chairman Jay Clayton was interviewed on CNBC...

A deal between Social Capital Hedosophia Corp II (NYSE: IPOB) and Opendoor has officially been announced after being rumored last week. The Opendoor Deal: The two companies will merge, valuing Opendoor at $4.8 billion. The combined company will have over $1 billion in cash proceeds. A private...

Chamath Palihapitiya has been one of the key figures in the special purpose acquisition company market, bringing three SPACs public under the tickers "IPOA," "IPOB" and "IPOC" on the New York Stock Exchange.  Social Capital Hedosophia SPACs: Palihapitiya...

Property technology startup Opendoor is in advanced discussions with billionaire Chamath Palihapitiya's blank-check company to go public in a deal that could be valued at near $5 billion, Bloomberg reported Thursday. What Happened: Social Capital Hedosophia Holdings Corp. II (NYSE: IPOB)...

Redfin Corp (NASDAQ: RDFN) has partnered with Opendoor to better compete with Zillow Group Inc (NYSE: Z), according to a new analyst note. The Analyst And Rating Wedbush analyst Ygal Arounian maintains an Outperform rating with a $30 price target. The Thesis On Thursday, Redfin announced a...