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Offerpad went public via a SPAC merger with Supernova Partners Acquisition in a $2.37bn deal.

Synopsis

Offerpad, a real estate investment company, went public via a SPAC merger with Supernova Partners Acquisition, a special purpose acquisition company, in a $2.37bn deal. Investor in PIPE include Taylor Morrison Home, BlackRock and Zimmer Partners. "We are taking home buying and selling from chaotic to controlled, from expensive to efficient, and from the past straight into the future. We are just getting started. We have a superior team, combining strong technology backgrounds and real estate experience in every kind of real estate cycle, with the skills and vision to operate as a highly capital-efficient company in our industry. We are excited about the tremendous opportunity ahead of us as more and more buyers and sellers opt for our digital-first experience," Brian Bair, Offerpad CEO and Founder.

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