IPO Real Estate Tech Firm Compass (COMP) Opens 18% Higher

Today's IPO for real estate tech firm Compass (NASDAQ: COMP) opened for trading at $21.25 after pricing 25,000,000 shares of its Class A common stock at a public offering price of $18.00 per share.

Goldman Sachs & Co. LLC, Morgan Stanley and Barclays Capital Inc. are acting as the lead bookrunning managers for the proposed offering. Deutsche Bank Securities Inc. and UBS Investment Bank are acting as bookrunning managers. Oppenheimer & Co. Inc., Needham & Company, LLC, Zelman Partners LLC, Loop Capital Markets LLC, Academy Securities Inc., Blaylock Van, LLC, Samuel A. Ramirez & Company, Inc. and Siebert Williams Shank & Co., LLC are acting as co-managers for the proposed offering.

Compass is a leading national real estate technology company, providing tools and services to help real estate agents grow their businesses and better serve their clients. As one of the largest groups of small business owners in the country, real estate agents utilize the end-to-end Compass platform to improve their productivity and help them manage their business more effectively.

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