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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Musk Puts $20 Billion Value on Twitter
Elon Musk offered Twitter employees stock grants at a valuation of roughly $20 billion, said a person familiar with an email Musk sent to staff, less than half what he paid to buy the company. It was a concrete acknowledgment of how much Twitter’s value has dropped since the deal—but it is still well above public market valuation levels for Twitter’s rivals. As Musk has...
Twitter Valued at $20 Billion in New Employee Stock Grant
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