Deals
Opendoor’s Market Debut Caps Roller Coaster Year in Housing
- SoftBank-backed company’s shares closed higher on Monday
- Pandemic shift to suburbs has boosted real estate tech firms
A monitor displays Opendoor Technologies signage in front of the Nasdaq MarketSite during the company's IPO in New York, on Dec. 21.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
Eric Wu made his first foray into real estate as a student at the University of Arizona, using scholarship money to make a down payment on a rental property. Now, he’s taken his company public through a merger with a special purpose acquisition company.
Opendoor Technologies Inc. began trading Monday following the completion of the merger. The shares bounced between gains and losses and eventually closed at $31.25 in New York, 5.9% higher than the price on Friday.