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Future City: Inside Opendoor’s IPO prospectus, an apartment startup that wants you to “swipe right”


Opendoor’s open book

Since announcing plans to go public with a SPAC, Opendoor’s been offering potential investors a peek under the hood. Last week’s 650-page prospectus gave an unvarnished account of its financials, including nearly $1 billion in losses since 2013.

The filing also shined a light on the volatility of this year’s business: The company lost $118 million on nearly $2 billion of revenue during the first half of 2020. By comparison, it lost $158 million on $2.7 billion in revenue during the same period last year.

Opendoor’s deal with Chamath Palihapitiya’s blank-check company, Social Capital Hedosophia Holdings II, values the iBuyer at $4.8 billion and will give Opendoor $1 billion in new cash. Proceeds include $600 million through a PIPE, or private investment in public equity.

Here’s what else you need to know about the offering:

SoftBank’s stake. The firm invested $400 million in 2018 and will hold

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Footballer Helps Wife Deliver Their Baby On Pavement Outside Apartment, Incident Caught On Camera

KEY POINTS

  • The incident in the early hours of Thursday and was caught on camera
  • On their way to the car, the wife said she needed to lay on the ground as “she could feel the baby’s head crowning”
  • The mother-daughter duo was expected to be released from hospital later this week

A Brazilian footballer played the role of a midwife and helped his spouse deliver their baby on the pavement outside their apartment block.

Bryan Borges’ wife Myllena’s water broke in the early hours of Thursday. Initially, the contractions were not very strong but the pain slowly increased. Myllena and 24-year-old Borges then rushed to the elevator and reached downstairs. When they were a few feet away from their car, Myllena told her husband she needed to lay on the ground as “she could feel the baby’s head crowning,” Daily Mail reported.

The footballer then helped her deliver their

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