Compass, Inc., a real estate technology company, has announced the pricing of its initial public offering of 25 million shares of its Class A common stock at a public offering price of US$18 per share. The shares began trading on the New York Stock Exchange on April 1, 2021 under the ticker symbol "COMP." The offering is expected to close on April 6, 2021, subject to the satisfaction of customary closing conditions. In addition, the underwriters have been granted a 30-day option to purchase up to an additional 3,750,000 shares of Class A common stock from Compass at the initial public offering price, less underwriting discounts and commissions.
Latham & Watkins LLP represented the underwriters in the offering with a capital markets team led by New York partners Ian Schuman, Greg Rodgers, and Benjamin Cohen, with New York/Los Angeles associate Brittany Ruiz and New York associates Sandy Kugbei and Nicolas Gonzalez. Advice was also provided on tax matters by Chicago partner Rene de Vera, with Chicago associate Michael Zucker; on real estate matters by New York partner Michelle Kelban, with New York associates Elizabeth Vinci and Sam Steinman; on benefits and compensation matters by New York partner Jennifer Pepin, with New York associate Yoo Jeong Han; on data privacy and security matters by Washington, D.C. partner Jennifer Archie, with Washington, D.C. associate Jimmy Smith; and on intellectual property matters by New York partner Jeffrey Tochner, with New York associate Meredith Ward.