SoftBank-backed Compass files for IPO
March 3, 2021- Share:
Real estate tech company Compass has revealed it is filing for an initial public offering. In 2020, the company's revenue grew 56% to $3.7 billion year-over-year, and losses shrank from $388 million to $270 million. Compass has benefitted from a hot home market and demand among real estate agents for digital services to manage their businesses virtually. SoftBank is the company's largest institutional backer, with 34.8% of Class A shares.
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