COMP News

The IPO market pumped the brakes in the shortened holiday week, with six IPOs raising $1.9 billion and just two SPACs raising $300 million. Pipeline activity slowed from previous weeks as well, with six IPOs and seven SPACs submitting initial filings. Low-cost airline Frontier Group Holdings (ULCC) priced at the low end to raise $570 million at a $4.3 billion...read more

Compass, which operates an online residential real estate brokerage platform, raised $450 million by offering 25 million shares at $18, the low end of the downwardly revised range of $18 to $19. The company had originally planned to offer 35 million shares at $23 to $26, before decreasing the deal size on Wednesday. Insiders had indicated on $159 million worth of shares in the...read more

Compass, which operates an online residential real estate brokerage platform, lowered the proposed deal size for its upcoming IPO on Wednesday. In its latest filing, the company also disclosed indications of interest. The New York, NY-based company now plans to raise $463 million by offering 25 million shares at a price range of $18 to $19. Insiders intend to purchase $159...read more

Following some turbulence in the IPO market, eight IPOs are scheduled to raise $3.0 billion in the shortened holiday week. Online real estate brokerage Compass (COMP) plans to raise $882 million at a $12.5 billion market cap. Compass provides a platform for real estate agents to manage and deliver service to seller and buyer clients. Fast growing but...read more