Real estate tech company Offerpad to go public in SPAC deal led by former rival

(Disclosure: Rose Law Group represents Offerpad.) Photo via Offerpad Facebook

By Andy Blye | Phoenix Business Journal

Offerpad, a real estate technology company based in Chandler, announced Thursday that it would go public and list on the New York Stock Exchange under the ticker symbol “OPAD.”

Rather than a traditional initial public offering, Offerpad will be going public through a publicly traded Special Purpose Acquisition Company, commonly known as a SPAC or a blank-check company, by merging with Supernova Partners Acquisition Company (NYSE: SPNV).

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