SEC Comment Letter for Opendoor Technologies Inc. (OPEN) (CIK 0001801169) (OPEN) — Feb 20, 2020
Opendoor Technologies Inc. (OPEN) (CIK 0001801169)
Date: Feb. 20, 2020 · CIK: 0001801169 · Accession: 0000000000-20-001587
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February 20, 2020 Chamath Palihapitiya Chief Executive Officer Social Capital Hedosophia Holdings Corp. II 317 University Ave, Suite 200 Palo Alto, CA 94301 Re:Social Capital Hedosophia Holdings Corp. II Draft Registration Statement on Form S-1 Submitted January 31, 2020 CIK 0001801169 Dear Mr. Palihapitiya: We have reviewed your draft registration statement and have the following comment. In our comment, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter by providing the requested information and either submitting an amended draft registration statement or publicly filing your registration statement on EDGAR. If you do not believe our comment applies to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing the information you provide in response to this comment and your amended draft registration statement or filed registration statement, we may have additional comments. Draft Registration Statement on Form S-1 Submitted January 31, 2020 Financial Statements, page F-1 1.How did you determine it would be appropriate to include unaudited interim results as of January 21, 2020 and for the period from January 1, 2020 through January 21, 2020.
FirstName LastNameChamath Palihapitiya Comapany NameSocial Capital Hedosophia Holdings Corp. II February 20, 2020 Page 2 FirstName LastName Chamath Palihapitiya Social Capital Hedosophia Holdings Corp. II February 20, 2020 Page 2 You may contact Paul Cline at 202-551-3851 or Wilson Lee at 202-551-3468 if you have questions regarding comments on the financial statements and related matters. Please contact Ronald (Ron) Alper at 202-551-3329 or Brigitte Lippmann at 202-551-3713 with any other questions. Sincerely, Division of Corporation Finance Office of Real Estate & Construction cc: Gregg A. Noel
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February 20, 2020
Chamath Palihapitiya
Chief Executive Officer
Social Capital Hedosophia Holdings Corp. II
317 University Ave, Suite 200
Palo Alto, CA 94301
Re:Social Capital Hedosophia Holdings Corp. II
Draft Registration Statement on Form S-1
Submitted January 31, 2020
CIK 0001801169
Dear Mr. Palihapitiya:
We have reviewed your draft registration statement and have the following comment. In
our comment, we may ask you to provide us with information so we may better understand your
disclosure.
Please respond to this letter by providing the requested information and either submitting
an amended draft registration statement or publicly filing your registration statement on
EDGAR. If you do not believe our comment applies to your facts and circumstances or do not
believe an amendment is appropriate, please tell us why in your response.
After reviewing the information you provide in response to this comment and your
amended draft registration statement or filed registration statement, we may have additional
comments.
Draft Registration Statement on Form S-1 Submitted January 31, 2020
Financial Statements, page F-1
1.How did you determine it would be appropriate to include unaudited interim results as of
January 21, 2020 and for the period from January 1, 2020 through January 21, 2020.
FirstName LastNameChamath Palihapitiya
Comapany NameSocial Capital Hedosophia Holdings Corp. II
February 20, 2020 Page 2
FirstName LastName
Chamath Palihapitiya
Social Capital Hedosophia Holdings Corp. II
February 20, 2020
Page 2
You may contact Paul Cline at 202-551-3851 or Wilson Lee at 202-551-3468 if you have
questions regarding comments on the financial statements and related matters. Please contact
Ronald (Ron) Alper at 202-551-3329 or Brigitte Lippmann at 202-551-3713 with any other
questions.
Sincerely,
Division of Corporation Finance
Office of Real Estate & Construction
cc: Gregg A. Noel