With its initial public offering (IPO) last week, Compass (NYSE:COMP) became the latest player to enter the real estate fray as a public company.
Is Compass Public or private?
Founded in 2012, the company is headquartered in New York City. The company provides software to real estate agents. Compass is the first company to have built a proprietary mobile app for real estate agents.
|Engineering Hub in Seattle|
|Traded as||NYSE: COMP|
Who is Compass real estate Owned by?
Robert Reffkin, the CEO of tech-focused real estate startup Compass Inc., says he never planned for the company to go public so early. The company IPO’d in 2021, in the midst of a pandemic and housing bubble, and is currently valued at $7.8 billion.
When did Compass go public?
Compass goes public. From Compass’ launch in 2012 to its IPO last week, The Real Deal has chronicled the startup’s unmatched growth. On its first day of trading on April 1, the company’s stock closed at $20.15 per share — giving it a $7.7 billion market cap, or nearly $10 billion including fully diluted shares.
Who took Compass public?
Robert Reffkin may soon be the youngest Black billionaire in the US after taking his real-estate startup Compass public on Thursday. The 41-year-old cofounder and CEO has risen to prominence quickly.
Is Compass real estate a pyramid scheme?
The Fintech startup Compass invented the “venture capital bait-and-switch” or Real Estate Ponzi Scheme for its investors. This week, Compass announced that it raised another $100 million.
Is Compass owned by Zillow?
Does Zillow own Compass as part of the Zillow Group? Absolutely not. The two are separate, publicly traded companies, each with multi-billion dollar market capitalizations. In July 2021, Compass happens to be at $5 billion and Zillow Group at $29 billion as Compass.
Why Compass is going public now?
Compass CEO hails IPO as a fundraising event amid ‘challenging’ market. While several tech companies are opting to delay their IPOs in the face of less-than-enthusiastic market demand for their shares, real estate tech company Compass forged ahead and went public today.
What is Compass commission split?
In the first quarter of 2021, Compass’ agents generated $1.1 billion in revenue and were paid $900 million in commissions (including stock). But the effective agent commission split of 80.8 percent is a noticeable drop from the past year.
What did Compass go public at?
Compass, the second-biggest residential brokerage in the U.S., closed at $14.35 a share in New York trading Thursday, up 34 cents for the day, but down 29% from its debut price of $20.15 on April 1. It sold at its initial public offering at $18 a share.