Announced
Completed
Financials
Tags
Private
Merger
Single Bidder
Acquisition
Majority
real estate investment company
Domestic
Real Estate Services
United States
De-SPAC
Friendly
Completed
Private Equity
Reverse Takeover
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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