What happened Shares of special purpose acquisition company (SPAC) Social Capital Hedosophia Holdings II (NYSE: IPOB) are up 12.5% as of 3:40 p.m. EST. Social Capital Hedosophia Holdings may not hold onto all of those gains much longer, but Opendoor might. So what This morning, shareholders of the SPAC voted to approve its acquisition of "iBuying" specialist Opendoor Labs in a deal that will probably close tomorrow. (iBuying is basically the process of using algorithms to determine the value of a piece of real estate and buying it sight unseen.) Image source: Getty Images. After the transaction closes Friday, Opendoor will IPO in a reverse merger into already-listed Social Capital Hedosophia Holdings, and shift its shares over to the Nasdaq. It will begin trading on Monday, Dec. 21, under the name Opendoor Technologies, and with a new ticker symbol, OPEN. Now what Today's shareholder vote approving the merger was the final hoop Social Capital Hedosophia Holdings had to jump through to complete the taking public of its new prize. Investors are rushing to get in, therefore, on what is essentially a done deal, in anticipation that once Opendoor becomes investable under its own more recognizable name, the shares will pop next week. Start your stopwatches. In three days, we'll find out if they were right to do so -- or if they jumped the gun. 10 stocks we like better than Social Capital Hedosophia Holdings IIWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Social Capital Hedosophia Holdings II wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Rich Smith has no position in any of the stocks mentioned. The Motley Fool owns shares of Social Capital Hedosophia Holdings II. The Motley Fool has a disclosure policy.Source