Social Capital Hedosophia Holdings completed the merger with Opendoor in a $4.8bn deal.

Social Capital Hedosophia Holdings, a special purpose acquisition company, completed the merger with Opendoor Labs, a real estate company, in a $4.8bn deal. Opendoor started trading on The Nasdaq Global Select Market under the new ticker symbol “OPEN.” “Today marks an important step on our path towards making buying and selling a home simple and instant, and unlocking homeownership for millions of people every year. All of us at Opendoor are humbled to reach this significant milestone in our journey of building a generational company, and we are grateful for the countless individuals who have contributed to advancing our mission of empowering everyone with the freedom to move,” Eric Wu, Opendoor Founder and CEO.