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Real Estate Brokerage Compass Taps Banks for IPO

  • Firm is working with Goldman, Morgan Stanley ahead of listing
  • Startup was valued at $6.4 billion in funding round last year
    

Photographer: Michael Nagle/Bloomberg

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Compass, a SoftBank-backed company that’s among the largest real estate brokerages in the U.S., has selected underwriters for a potential initial public offering, according to a person with knowledge of the matter.

The New York-based startup is working with Goldman Sachs Group Inc. and Morgan Stanley ahead of a listing that’s slated for 2021, said the person, who requested anonymity because the information isn’t public.