Compass reports $1.1B in quarterly revenue in first public earnings report

A red-hot housing market pushed Compass’ revenue up 80 percent year over year, as the company aims to reduce its net losses and gain market share. Inman has all the details. Continue reading

Compass readies for first earnings report after a turbulent month

As Compass gears up for its first-ever earnings call on May 12, here’s a review of the brokerage’s first month as a publicly traded company — including acquisitions, lawsuits and stock market highs and lows. Continue reading

Compass stock closes at $19.75 per share on first day on the market

The brokerage saw its stop pop as high as $22 before closing at $19.75, a 9.7 percent jump from the public offering price. Continue reading

What to watch for as Compass goes public: an Inman guide

After years of speculation, Compass’ IPO is less than a day away. Here’s what you need to know about the process and what the first day’s results could be. Continue reading

Compass cuts IPO price range to $18-$19 per share from $23-$26

In advance of tomorrow’s long-awaited IPO, the brokerage also slashed the number of shares it expects to sell to 25 million from its initial goal of up to 36 million. Continue reading

Compass cuts salaries and admin staff hours

Compass is cutting staff salaries across the board a month after laying off roughly 15 percent of its staff. The move comes at the same time the company continues to add new agents, even during a market slowdown. Continue reading