The company lost $270 million on revenue of $3.7 billion last year, compared with a loss of $388 million on revenue of $2.4 billion in 2019, according to its filing. Real Estate Brokerage Firm Compass Inc. Compass was founded in 2012 by Ori Allon, a former director of engineering at Twitter Inc (TWTR.N), and Robert Reffkin, who worked at Goldman Sachs (GS.N) earlier. The New York-based startup in its filing Monday listed the size of the offering as US$500 million, a placeholder that will change. The IPO filing bills Compass as an ‘end-to-end platform that empowers residential real estate agents to deliver exceptional service to seller and buyer clients.’ Compass reports to have built an integrated software platform that helps agents operate with the sophisticated capabilities of a modern technology company and the personal attention and service of a dedicated advisor. All quotes delayed a minimum of 15 minutes. Real estate brokerage firm Compass Inc, backed by SoftBank Group Corp, on Monday made its filing for an initial public offering public and revealed a 56% surge in revenue helped by a strong housing market. Loss shrinks on increased revenue during coronavirus pandemic, 2020 residential transactions for Compass totaled $152 billion. Compass Inc., a SoftBank-backed company that’s among the largest real estate brokerages in the U.S., filed for an initial public offering, disclosing growing revenue and shrinking losses. Information, analytics and exclusive news on financial markets - delivered in an intuitive desktop and mobile interface. Compass, a real estate brokerage company, filed S-1 paperwork on March 1 to go public. The filing showed significant growth in 2020—revenue jumped 56%, to $3.7 billion—but also a $270 million annual loss. Goldman Sachs, Morgan Stanley and Barclays are the underwriters for its offering. Those voices were loud enough that the company’s chief financial officer sent an eight-point memo to employees and agents in October 2019 detailing the ways the company differed from WeWork, the office real estate company whose IPO plans had collapsed the previous month. REAL estate brokerage firm Compass published its filing for an initial public offering (IPO) and revealed a 56 per cent surge in revenue helped by a strong housing market on Monday. Partner with a local real estate agent to find the home or apartment that’s right for you. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Last year, the New York-based company was involved in residential real estate transactions totaling $152 billion -- or 4% of the U.S. market, according to its IPO filing. As tech faces a reckoning, what you do offline can get you banned, Mastercard and digital currency exchange Gemini to launch crypto rewards credit card, TikTok says to address European concerns by opening up about how it works, Gucci, Facebook file joint lawsuit against alleged counterfeiter. (Bloomberg) -- Compass Inc., a SoftBank-backed company that’s among the largest real estate brokerages in the U.S., filed for an initial public offering, disclosing growing revenue and shrinking losses. Reffkin, Compass's CEO, said in 2019 that it would become the … Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Target price range, in a later filing and ever-expanding tax and compliance needs through deals blank-check! 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