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Compass Prices IPO at Lower End of Range

By
Martin Peers
· · Source: The Information

Compass, the real estate brokerage backed by SoftBank’s Vision Fund, priced its initial public offering at $18 a share, a day after slashing the projected size of the offering. The stock will start trading later Thursday. In a sign that investor demand wasn’t as strong as the company hoped, Compass had cut the proposed pricing range to $18-$19 a share, from $23-$26 a share. It also reduced the...

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