[Editor’s note: Originally published on Go PropTech.] First of all, it’s essential to understand the meaning of the term SPAC. SPAC is an abbreviation for a Special Purpose Acquisition Company. SPACs are publicly traded companies, and the purpose of their creation is to facilitate acquisitions…

[Editor’s note: Originally published on the Thomvest Blog.] Opendoor, the nation’s largest iBuyer, is going public. It is doing so via a merger with Social Capital Hedosophia Corp II (NYSE: IPOB), which is a special purpose acquisition company (SPAC) led by investor Chamath Palihapitiya. Opendoor published an investor presentation as…