Compass Files To Go Public As U.S. Home Sales Surge
The filing comes after residential real estate has seen prices rise as more people are working from home amid the COVID-19 pandemic. Remote working and low mortgage rates has made homebuying a hot area over the past several months, which is good for Compass. Most recently in the real estate world, Opendoor went public after merging with a special purpose acquisition company. Now, Compass is one of the first unicorns to file confidentially to go public in 2021. The company raised about $1.6 billion in funding from investors including the SoftBank Vision Fund and IVP.