UPDATE: Compass Inc. (COMP) Announces Proposed 36M Share IPO at $23-$26/Sh

(Updated - March 23, 2021 6:07 AM EDT)

Compass Inc. (NYSE: COMP) today announced that it plans to commence the roadshow for its proposed initial public offering of its common stock. Compass has filed a registration statement on Form S-1 with the Securities and Exchange Commission (SEC) to offer 36,000,000 shares of its Class A common stock to the public. In addition, Compass intends to grant the underwriters a 30-day option to purchase up to an additional 5,400,000 shares of its Class A common stock. The initial public offering price is expected to be between $23.00 to $26.00 per share. Compass has applied to list on the New York Stock Exchange under the ticker symbol "COMP."

Goldman Sachs & Co. LLC, Morgan Stanley and Barclays Capital Inc. are acting as the lead bookrunning managers for the proposed offering. Deutsche Bank Securities Inc. and UBS Investment Bank are acting as bookrunning managers. Oppenheimer & Co. Inc., Needham & Company, LLC, Zelman Partners LLC, Loop Capital Markets LLC, Academy Securities Inc., Blaylock Van, LLC, Samuel A. Ramirez & Company, Inc. and Siebert Williams Shank & Co., LLC are acting as co-managers for the proposed offering.

The proposed offering will be made only by means of a prospectus.

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