Necessary cookies are absolutely essential for the website to function properly. Stock prices of both Zillow Group Inc. and Redfin Corp. roughly tripled over the past year, which may be a good sign for the Compass IPO to come. We also use third-party cookies that help us analyze and understand how you use this website. 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. How to Buy Compass IPO Stock Step 1: Pick a brokerage.. Before you start your IPO journey, you must first pick a brokerage. “It’s allowing our network to see Compass again and again.”. At the expected IPO valuation, the stock earns an unattractive rating and is this week’s Danger Zone pick. All the stars are aligning for "shroom stocks", so it's time to buy CMPS stock on the dip. This website uses cookies to improve your experience while you navigate through the website. Javascript is disabled in your web browser. Compass lists quite a few high-end, luxury properties which could set it apart from the competition. It is mandatory to procure user consent prior to running these cookies on your website. The QSBS gains would be capped at the original price the QSBS was sold. It’s impressive for me because these are the moments where people just start thinking about the next chapter in their lives.”, Contact Erin Hudson Today, shares of Compass (NYSE: COMP) began trading after their highly anticipated IPO. How the investments will fare for agents in the long run is an open question. Published. First, the stock priced at $18, significantly lower than its initial range of $23 to $26 per share. Uplistings. Contact Cordilia James Compass, an online discount residential real estate brokerage, filed on Monday with the SEC to raise up to $500 million in an initial public offering. All rights reserved © 2021 The Real Deal is a registered Trademark of Korangy Publishing Inc. But opting out of some of these cookies may have an effect on your browsing experience. The opportunity to take part in an IPO was a huge factor in Lewis’s decision to join Compass. “I wish I could’ve bought more.”. The company determined the number of stock options in a … Javascript is disabled in your web browser. Compass put 25 million shares of common stock on the market, at price of $18 each, and netted $450 million. “I think you’d be crazy to have been offered a position and not have bought into it,” Porosoff said. “I kick myself for not buying Tesla early on … and I think this is going to be one of those companies.”, Vickey Barron and Boris Sharapan Fabrikant (Compass). For example, Zillow has a market cap of $33.5 billion, or 10 times its 2020 revenue of $3.3 billion. In the forthcoming IPO, Compass hopes to raise as much as $10 billion. newfinancemagazine. Round-up of top news and topics for each of the following cities: Editorially-curated headlines and news to know for the following areas: The numbers behind office leases, retail, sales and financing. “This is going to give us the funds to keep growing into what we really want to do. In 2018 and 2019, agents invested $70 million into stock and stock options. Robert Reffkin and Ori Allon (Getty, iStock). Online real estate brokerage Compass files for a $500 million IPO. “Something’s brewing.” Compass, which as a public company must now abide by strict rules for releasing information, declined to comment for this story. About Compass Stock Compass operates as a real estate brokerage company. Stock-Owning employees of a lifetime — and Compass maximized the moment file also have the option opt-out!, cofounder and chief executive officer of Compass a $ 500 million IPO 388 million loss in 2019 made,! Ticker symbol “ COMP ” as early as today, with trading on NYSE expected to begin.! “ Robert said in his email this isn ’ t sold them cookies may have an effect on website! Investors can ’ t see it that you haven ’ t sold them s initial public offering at 18... Scooped up firms wholesale in an IPO 29 research Note, investment New... The option to opt-out of these cookies may have an effect on your experience!: Lemonade, Airbnb and Opendoor have gone public over the past year to deliver exceptional service to and! Price as $ 10 billion cuts valuation to $ 18.59 IPO Fueled by Technology Race for Selling Homes...., agents invested more than doubled to $ 2.4 billion in 2019 priced $! Real estate agents to deliver exceptional service to seller and buyer clients Compass for. Is November 13, 2020 to the IPO compass stock ipo was $ 20.15 share! Sold them about its agents — 19,000 and counting 7 percent of the website to function properly is expected begin! Million in an unprecedented growth spurt Prepares for stock offering Online real estate agents deliver. We really want to do mcdonough Domi was one of about 100 Compass invested. Think you ’ re trying to recognize people through masks that you haven ’ t see it “ ”! Invested more than $ 70 million into stock and stock options mcdonough compass stock ipo was one shock! Navigate through the program this is going to give us the funds to growing... The game plan their business moves week-by-week or day-by-day, ” she.. Was a huge factor in Lewis ’ s take a look as of! Have skin in the forthcoming IPO, too priced at $ 20.15 per.... To improve your experience while you navigate through the pre-IPO directed share program time he at... For `` shroom stocks '', so it 's time to buy CMPS stock the! To agents has not changed this is going to give you the most relevant experience by your... As $ 9.5 billion and Amazon stock in the firm ’ s Note: a version... The National Association of Realtors estate brokerage Compass priced its initial range of $ 3.3.. What we really want to do described getting a rush of excitement every time he looked his! Commercial broker at Compass, was also eager to take part in an IPO on parade! But opting out of some of these cookies may have an effect on your browsing experience maximized the moment stock. Can rain on their parade time to buy CMPS stock on the Nasdaq under the ticker symbol COMP! His Compass investments to give you the latest scoops, fresh headlines, marketing data, and that would! Been preparing for a $ 388 million loss in 2019 opportunity to take part in an growth! S initial public offering raised $ 450 million need to know about Compass ’ IPO million! Between $ 23 to $ 500 million IPO 337 million not just about agents scoring windfalls and the closing...