Offerpad goes public

Offerpad became the latest residential real estate brokerage company to go public. Launched in 2015, the iBuyer, which also represents buyers and sellers as a brokerage, went public on the New York Stock Exchange via a merger with Spencer Rascoff’s special acquisition company on September 2. The company began trading at a valuation of $2.7 billion. The company joins its prominent iBuyer competitors – Zillow Offers, Opendoor and RedfinNow – as a public company or a unit under a parent company.