Compass, Inc.

General Information
Business:

Through 2020, Compass agents have represented either sellers or buyers of more than 275,000 homes worth more than $300 billion. With 4% of the U.S. market, Compass is the largest independent real estate brokerage by Gross Transaction Value. 

Compass provides an end-to-end platform that empowers our residential real estate agents to deliver exceptional service to seller and buyer clients. Our platform includes an integrated suite of cloud-based software for customer relationship management, marketing, client service and other critical functionality, all custom-built for the real estate industry and enabling our core brokerage services. Fundamentally, we believe that agents are, and will continue to be, central to residential real estate transactions. 

(Note: Compass, Inc. priced its IPO on March 31, 2021, at $18 – the bottom of its reduced range of $18-to-$19 – on 25 million shares to raise $450 million. On the morning of March 31st, Compass slashed the size of its IPO to 25 million shares, down from 36 million shares initially, and cut its price range to $18 to $19, down from $23 to $26 initially, in an S-1/A filing. This reduction in the IPO’s size cut the estimated proceeds, based on mid-point pricing, to $462.5 million, down from the estimate of $882 million on the initial terms. The market cap, based on the mid-point of the new price range, was estimated at $7158.21 million, or about $7.2 billion, down from $9749.29 million, or about $9.8 billion, on the initial terms.)

Industry: Service - Computer Programming Services
Employees: 2702
Founded: 2012
Contact Information
Address 90 Fifth Avenue, 3rd Floor New York, New York 10011
Phone Number (212) 913-9058
Web Address http://www.compass.com/
View Prospectus: Compass, Inc.
Financial Information
Market Cap $6570mil
Revenues $3720.8 mil (last 12 months)
Net Income $-270.2 mil (last 12 months)
IPO Profile
Symbol COMP
Exchange NYSE
Shares (millions): 25.0
Price range $18.00 - $18.00
Est. $ Volume $450.0 mil
Manager / Joint Managers Goldman Sachs/ Morgan Stanley/ Barclays/ Deutsche Bank Securities/ UBS Investment Bank
CO-Managers Oppenheimer & Co./Needham & Co./Zelman Partners/Loop Capital Markets/Academy Securities/Blaylock Van/Ramirez & Co./Siebert Williams Shank
Expected To Trade: 4/1/2021
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
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