Compass Prices IPO at Lower End of Range
Compass had already slashed the size of the offering, a sign that that investors may be fretting about the impact of rising interest rates on the real estate market.
Real Estate
Below is a collection of our content on the topic of Real Estate.
WeWork Reports $3.8 Billion Losses for 2020
Details of WeWork's financial performance emerged in a securities filing related to its planned SPAC merger that will take it public.
Compass IPO Pricing Shows Win for SoftBank
The pricing would imply a win for SoftBank, which has poured about $1 billion into Compass over the last few years. Its stake is now worth more than $3 billion.
WeWork Lost $3.2 Billion in 2020
Its occupancy rate fell to 47% at the end of 2020, from 72% at the start of the year.
Opendoor’s Revenue Fell 80% in Q4
Opendoor said in a press release it “began rebuilding inventory in the fourth quarter, and expects to return to sequential revenue growth in the first quarter of 2021.”
Compass’ IPO Filing Shows $270M Loss Last Year
The company's revenue, made up almost entirely of the commissions it makes buying and selling homes, grew by 56% to $3.7 billion last year.
Neumann, SoftBank Settlement Could Pave Way for WeWork SPAC
SoftBank would purchase $500 million of WeWork shares from Neumann, about half of the two sides' 2019 agreement.
WeWork Cut Prices by 10% in U.S.
WeWork slashed prices by as much as 20% to 25% in some cities.
WeWork Rival Knotel Files for Chapter 11 Bankruptcy
Newmark is investing $20 million "to support Knotel through the bankruptcy process."
WeWork Weighing SPAC Offers
A SPAC would potentially take WeWork public in a much frothier market than the company saw over a year ago.
Walmart’s Marc Lore Is Stepping Down
Walmart’s Marc Lore announced his retirement Friday, and said he would devote his time to building a “city of the future.”
SoftBank Bailout Helps Construction Startup Katerra Avoid Bankruptcy
The investment will dilute the stakes of other investors, which include DFJ, Greenoaks Capital, Khosla Ventures and Foxconn.
Opendoor Trading to Begin Dec. 21
The listing will complete one of the most high-profile mergers from a special purpose acquisition company this year.
