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Compass Inc, a U.S. real estate technology firm backed by SoftBank Group, said on Wednesday it had sold its stake in an initial public offering of $ 18 per share at the bottom of its downsized target range to raise. $ 450 million in equity Compass previously set a price range of $ 18-19 per share, downsizing from its previous target of $ 23 to $ 26 at $ 18. It's capped at $ 9 billion, compared with $ 6.4 billion in the most recent private funding round in 2019.
The IPO is a sign of ดาวน์โหลด สล็อต xo investor fatigue for new stocks, with companies raising more than $ 36 billion through U.S. IPOs this quarter, up more than 360 percent year over year.Intermedia Cloud Communications On Wednesday, it said it had postponed its IPO due to challenging market conditions.New York-based Compass was founded in 2012 by former Ori Allon engineer Twitter Inc and former Goldman Sachs executive Robert Reffkin.It covers 46 statistical areas
the United States and works with over 19,000 representatives.It has raised $ 1.5 billion from investors including SoftBank, Goldman Sachs and the Canada Pension Plan Investment Board.Compass shares are scheduled to begin trading on the New York Stock Exchange on Thursday under the symbol "COMP.Goldman Sachs, Morgan Stanley and Barclays are underwriters.
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