附近上门

Online real estate marketplace closed its first day of trading at $31.25 on Monday after completing its planned merger with a special purpose acquisition company.

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The company鈥檚 stock opened at $31.47 on Monday morning. Opendoor went public after merging with the SPAC Social Capital Hedosophia Holdings II, headed by investor , who was also behind spaceflight company going public via SPAC.

Opendoor is one of a few high-profile companies to go public via SPAC this year. Spaceflight company Virgin Galactic and sports betting startup also went public via SPAC in 2020. Most recently, started trading on the New York Stock Exchange after merging with a SPAC.

SPACs have gotten a lot more attention this year, as investors and public figures including and Paul Ryan have formed so-called blank-check companies.聽

OpenDoor, which aims to make the process of buying and selling homes more efficient, is backed by investors including and the . It has raised about $1.5 billion in funding, and most recently raised a $300 million led by in March 2019.

Illustration: Li-Anne Dias