Supernova Partners Acquisition Company (SPNV) to Combine with Offerpad in $2.3Bn Deal

Supernova (NYSE:SPNV) has entered into a definitive agreement to combine with proptech firm Offerpad at an enterprise value of $2.368 billion, or 1x its 2022E revenue. Offerpad buys and sells homes through a digital platform in 16 US markets including about 900 cities and towns. The combined entity is expected to trade on the NYSE
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