SoftBank-backed real estate brokerage Compass priced its shares between $23 and $26 Tuesday ahead of an initial public offering, implying a roughly $10 billion valuation. The pricing would imply a win for SoftBank’s Vision Fund, which has poured about $1 billion into Compass over the last few years. Its stake is now worth more than $3 billion. The pricing also shows that the company expects...
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The Heir Who Wants to Be Mayor
Hi, welcome to your Weekend.To spend time with Daniel Lurie is to understand the true meaning of the word “mensch.” Everyone who knows the San Francisco philanthropist and Levi’s heir says pretty much the same things about him: Daniel is “a really good guy”—affable, smart, egoless and earnest in his desire to improve the lives of the neediest. So earlier this year, when I began hearing...
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