Compass scales back IPO valuation target to $7 billion
Housing Wire
MARCH 31, 2021
Eight days after Compass unveiled a hoped-for Wall Street valuation of over $10 billion, the New York City-based residential brokerage has significantly scaled back its ambitions for an initial public offering. The price reduction docks Compass’s target market value to around $7 billion. Realogy had a market cap of $1.8
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