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eXp CEO Glenn Sanford (eXp, iStock)

Virtual broker eXp Realty has another record quarter

eXp Realty started 2021 off real strong. Revenue at the virtual brokerage increased 115 percent to $583.8 million in...

Virtual broker eXp Realty has another record quarter
Avenue 8 co-founders Justin Fichelson and Michael Martin.  (Avenue 8, Getty)

Avenue 8, a mobile-first brokerage, raises $14M

A week before the country went into lockdown last year, Avenue 8, a mobile-first residential brokerage, made its first...

Avenue 8, a mobile-first brokerage, raises $14M
Clockwise from left: Ori Allon, Robert Citrone, Robert Reffkin and Masayoshi Son (Getty/Illustration by Kevin Rebong for The Real Deal)

Here’s who made bank in Compass’ IPO

UPDATED, April 7, 2021, 6:05 p.m.: Compass’ initial public offering last week made its founders and top executives millions — or billions in the case of its largest investor, SoftBank Group, at least on...

Here’s who made bank in Compass’ IPO
(Instagram via laurenwoods.sellshomes, thefirm_eventdesign, tonywsimone, stevenabusch, ania_ishizaki, antonia_nycrealestate)

Just listed: A recap of Compass’ IPO

Compass’ first day as a publicly traded company is in the books. The result so far? Neither a rousing success nor an epic failure. After a tumultuous 36 hours, in which the residential brokerage...

Just listed: A recap of Compass’ IPO
Robert Reffkin (Compass)

Compass cuts valuation to $7B ahead of IPO

UPDATED, March 31, 2021, 3:48 p.m.: Compass has slashed the price of shares and reduced the size of its total stock offering ahead of its IPO. In an updated S-1 filed with the U.S....

Compass cuts valuation to $7B ahead of IPO
Compass CEO Robert Reffkin (Getty, iStock)

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...

Compass seeks $10B tech valuation
eXp Realty founder Glenn Sanford. (eXp)

eXp rides housing boom with $31M in profits

UPDATED, March 11, 2021, 6:58 p.m.: As traditional brokerage firms scrambled to go virtual last spring, eXp Realty didn’t miss a beat. The cloud-based brokerage maintained “continuous operations,” said CEO Glenn Sanford. The result...

eXp rides housing boom with $31M in profits
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