finder.com
US
AU
NZ
UK
CA
SG
More

Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our opinions or reviews. Learn how we make money.

How to buy Opendoor stock when it goes public

Here's everything we know so far about the Opendoor IPO.

Dawn Daniels
Dawn Daniels

Posted

Fact checked

San Francisco-based Opendoor is preparing for a SPAC merger that will effectively take it public — but there’s no guarantee it will get its own ticker symbol.

What we know about Opendoor’s IPO

Opendoor plans to go public by merging with a special-purpose acquisition company (SPAC). SPACs are companies with no commercial operations that exist purely to raise capital through IPOs.
The SPAC in question that plans to acquire Opendoor belongs to venture capitalist Chamath Palihapitiya. It’s called Social Capital Hedosohpia II and currently trades on the New York Stock Exchange under the ticker symbol IPOB.
So, how exactly will Opendoor be available to the public? Well, nothing has been confirmed, but it’s possible that Opendoor will get its own ticker symbol after the acquisition dust settles. That’s what happened to Virgin Galactic — the British spaceflight company acquired by Social Capital Hedosophia in 2017.
Investors interested in purchasing Opendoor shares will need to keep their ears open for industry news leading up to the merger. There’s no guarantee Opendoor will get its own ticker symbol — but it’s a possibility.

How to buy shares in Opendoor when it goes public

Once Opendoor goes public, you'll need a brokerage account to invest. Consider opening a brokerage account today so you're ready as soon as the stock hits the market.

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Opendoor. Find the stock by name or ticker symbol. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy immediately with a market order or use a limit order to delay your purchase until Opendoor reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Opendoor, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Opendoor. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

What is Opendoor?

Opendoor is a San Francisco-based real estate company that was founded in 2014. Through Opendoor, homeowners can skip the traditional listing, showing and negotiating process by selling their property to Opendoor for cash as-is. Opendoor then renovates the property and resells it at a higher price. The platform also operates as a marketplace for homeowners who don’t want a cash offer from Opendoor and prefer to list their property themselves.
Opendoor is an accredited business with the Better Business Bureau (BBB) with an A+ rating.

How do similar companies perform?

It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. But evaluating the performance of companies like Opendoor can be useful in determining how the market is performing and whether now is a good time to invest in this industry. Select a company to learn more about what they do and how their stock performs, including market capitalization, the price-to-earnings (P/E) ratio, price/earnings-to-growth (PEG) ratio and dividend yield. While this list includes a selection of the most well-known and popular stocks, it doesn't include every stock available.

Compare trading platforms

Compare special offers, low fees and a wide range of types of investments among top trading platforms.
Name Product Stock trade fee Asset types Option trade fee Annual fee
Vanguard
Vanguard
$0
Stocks, Mutual funds, ETFs, Forex
$1
$20 per year
Get a personal advisor when you open an account with at least $50,000.
Go to site
More Info
Robinhood
Robinhood
$0
Stocks, Options, ETFs, Cryptocurrency
$0
0%
Make unlimited commission-free trades in stocks, funds, and options with Robinhood Financial.
Go to site
More Info
Sofi Invest
Sofi Invest
$0
Stocks
N/A
0%
A free way to invest in stocks, ETFs and crypto.
Go to site
More Info
Tastyworks
Tastyworks
$0
Stocks, Options, ETFs, Futures
Stocks & ETFs: $1/contract to open, $0 to close, $10 max/leg
Futures: $2.50/contract to open, $0 to close
0%
Trade stocks, options, ETFs and futures on mobile or desktop with this advanced platform.
Go to site
More Info
Interactive Brokers
Interactive Brokers
$0
Stocks, Bonds, Options, Mutual funds, Index funds, ETFs, Futures, Cash
$0 + $0.65/contract, $1 minimum
0%
IBKR Lite offers $0 commissions, and IBKR Pro offers advanced tools for professional traders.
Go to site
More Info
TD Ameritrade
TD Ameritrade
$0
or $25 broker-assisted
Stocks
$0 + $0.65/contract,
or $25 broker-assisted
TD Ameritrade features $0 commission for online stock, but watch out for high short-term ETF and broker-assisted trading fees.
Go to site
More Info
loading

Compare up to 4 providers

The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

More guides on Finder

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site