National
Compass seeks $10B tech valuation
Compass is aiming to go public at a $10 billion valuation, positioning itself as a tech company rather than a traditional brokerage. The New York-based firm said it will offer 36 million shares priced...
Robert Reffkin
The Latest
National
How much Compass paid to scale up
Since 2018, Compass has spent more than $300 million to scale its business, buying other brokerages and tech companies to support its “end-to-end platform,” according to the company’s IPO filing. Backed by $1.5 billion...
National
Inside Compass’ S-1: How it measures the upside of its tech
Compass’ pitch to investors is all about its agents. The company’s S-1 — a prospectus that details its financial...
National
Compass lost $270M in 2020, revenue up 56% : IPO filing
On the verge of going public, Compass disclosed it earned $3.7 billion in revenue last year but lost $270...
National Issue
A reckoning on rent
Three of Petra Drauschak’s 14 tenants have abandoned their leases during the pandemic. One had already stopped paying by February 2020, when Covid began sweeping across the U.S., but Drauschak’s hands were tied by...
National Issue
Making sense of the SPACe race
When Fifth Wall Ventures decided to jump into the SPAC market in January, it targeted a raise of $250 million to take a startup public. Within three weeks, it upsized the offering — twice...
National Archive Issue
When Compass comes clawing: How the firm’s contracts lock agents in
The nightmare began a year ago. After rebuffing Compass for several years, a New York agent finally gave into...
National
Compass accuses Realogy of lying, cheating and stealing
Eighteen months after being sued by Realogy, Compass is striking back, accusing its chief rival of unfair competition, defamation...
New York
Compass’ Robert Reffkin shelled out $16M for NYC penthouse
A few months before Compass filed confidentially to go public, CEO Robert Reffkin made another hush-hush move. The brokerage...
National Issue
The definitive guide to the Compass C-Suite
As it prepares for what would be one of the most anticipated IPOs of a residential firm in years, Compass has overhauled its C-suite and reorganized key departments. The firm has 18,000 agents (who...