5.0
Opendoor Technologies Inc. operates in the Real Estate sector, within the Real Estate Management and Development industry, and was founded in 2014 in the United States by Eric Wu, Ian Wong, JD Ross, and Keith Rabois.
As one of the leading digital platforms for residential real estate transactions, Opendoor leverages data science and technology to streamline the home buying and selling process.
The company pioneered the iBuying (instant buying) model, using proprietary algorithms to evaluate, purchase, and resell homes directly to and from homeowners. This approach aims to bring speed, simplicity, and transparency to real estate transactions by removing traditional intermediaries.
In addition to home buying and selling, Opendoor offers an integrated suite of services, including:
- Digital home valuation tools
- Instant offers for home sellers
- Home financing and mortgage services
- Online home search and purchase functionality
Operating across several major U.S. cities, Opendoor continues to expand its footprint in strategic real estate markets, capitalizing on the digital transformation of the industry and growing demand for tech-enabled property solutions.
Backed by AI-driven pricing models and scalable operations, the company aims to optimize user experience while simplifying residential real estate transactions.
Opendoor is publicly traded on the Nasdaq Stock Market under the ticker OPEN.
History and Founding of Opendoor Technologies Inc.
Opendoor Technologies Inc. was founded in 2014 with the mission of transforming the real estate industry through technology. The founding team—Eric Wu, Ian Wong, JD Ross, and Keith Rabois—set out to develop an iBuying model that would allow homeowners to sell properties quickly through automated valuations and instant offers.
Initially, the company focused on validating its model in select U.S. cities while investing heavily in technology and data infrastructure.
Opendoor’s innovative approach gained traction and investor confidence, leading to rapid geographic expansion across the U.S.
In 2020, Opendoor went public via a merger with a SPAC (Social Capital Hedosophia Holdings Corp. II) and began trading on Nasdaq under the ticker OPEN. The capital raised was used to scale operations, enhance digital tools, and expand into new markets.
Between 2020 and 2024, Opendoor broadened its service offerings to include mortgage lending, third-party integrations, and strategic partnerships, further cementing its position as one of the leading proptech companies in the United States.
Today, Opendoor continues to redefine the home transaction experience with technology-driven innovation, aiming to make buying and selling homes as simple as the click of a button.
Additional Information
The Company Opendoor Technologies Inc. (United States), is listed on Nasdaq with a market cap of $ 5.01 Billions, having an equity of $ 811.00 Millions.
With a total of 1.048 employees, the company is listed in the sector of Real Estate and categorized in industry of Real Estate Management and Development.
In the last 12 months the Company had a revenue of $ 4.72 Billions, which generated a loss in the amount of $ -317.00 Millions.
As for its main indicators, the Company has a P/E ratio of -15.80, a P/BV ratio of 6.18 and in the last 12 months the Company did not pay dividends.
The Company is traded internationally through the ticker OPEN.
