Opendoor, a Leading Digital Platform for Residential Real Estate, to Become Publicly-traded following Completed Transaction with Social Capital Hedosophia II

Opendoor Labs Inc. (“Opendoor”), the online homes marketplace and pioneer in iBuying, and Social Capital Hedosophia Holdings Corp. II (NYSE: IPOB) (“SCH”), a publicly traded special purpose acquisition company, today completed their previously announced transaction to take Opendoor public. The transaction forms a leading, publicly traded digital platform for residential