By Amber Deter An Opendoor IPO is coming. Announced Tuesday, the leading online real estate buyer is going public via acquisition. It will bring Opendoor stock to the market in a direct listing.
But is Opendoor a good investment opportunity? Here’s what we know…
Opendoor IPO: The Business
Founded in 2014, Opendoor is an iBuyer, and it was the first of its kind. iBuyers are real estate companies that buy and sell through technology. Similar companies include Zillow, Offerpad and Redfin. The goal of these companies is to make the real estate market easier to navigate.
Founder and CEO Eric Wu said:
“We founded Opendoor to make it …read more
