Opendoor Technologies
About
Opendoor Technologies Inc. (NASDAQ: OPEN) is the leading digital platform for residential real estate transactions, pioneering the iBuying model where the company uses proprietary pricing algorithms and data science to make instant cash offers on homes, completing transactions in days rather than the months required in traditional real estate sales. The company went public in December 2020 through a merger with Social Capital Hedosophia Holdings Corp II, a SPAC sponsored by venture capitalist Chamath Palihapitiya, during the height of the SPAC boom. Opendoor's technology-driven approach to simplifying home sales, its market leadership in iBuying, and the massive addressable market of U.S. residential real estate transactions make it a disruptive but volatile investment tied to housing market conditions and the company's ability to scale profitably.
IPO Stocks
Opendoor went public via SPAC as a pioneer of iBuying, using technology to streamline home sales with instant offers, representing a high-risk, high-reward real estate technology play.
PropTech Stocks
Opendoor pioneered iBuying technology to digitize and simplify residential real estate transactions, offering instant home purchase offers powered by automated valuation models.
Real Estate Stocks
Opendoor is the leading digital platform for residential real estate transactions, enabling homeowners to sell quickly through its instant offer model and disrupting traditional home sales.
Key Financials OPEN
Price
$4.45
Change (1D)
+1.48%
52-Week Range
$0.51 — $10.87
Volume
32.22M
Data updated Feb 15 · Source: Twelve Data
