SoftBank-Backed Compass Real Estate Brokerage Files for IPO
- Loss shrinks on increased revenue during coronavirus pandemic
- 2020 residential transactions for Compass totaled $152 billion
This article is for subscribers only.
Compass Inc., a SoftBank-backed company that’s among the largest real estate brokerages in the U.S., filed for an initial public offering, disclosing growing revenue and shrinking losses.
The New York-based startup in its filing Monday listed the size of the offering as $500 million, a placeholder that will change. Compass will disclose further details of the offering, including the size and target price range, in a later filing.