Former Zillow CEO to Compass: 'Beware pitfalls of traditional IPO'
The real estate industry weighed in on Compass going public as Spencer Rascoff, Zillow's former CEO, warned that an IPO could be costly for the company and its employees
by Patrick Kearns Jan 12
Compass officially files paperwork to go public
The company appears to be deploying an initial public offering strategy rather than going public through a special purpose acquisition company
by Patrick Kearns Jan 11
Former Compass agent sues firm over contract 'bait-and-switch'
The lawsuit, filed in California by agent J. Gregory Maffei, allows a glimpse into the kind of contracts the company offers agents, which have drawn the ire of many in the industry
by Patrick Kearns Jan 4
Compass CEO Robert Reffkin to agents: 2021 will be 'best year ever'
In a memo sent to the companies agents and employees, Robert Reffkin celebrated the company's 2020 achievements and looked ahead to the upcoming year
by Patrick Kearns Jan 4
SoftBank invests $200M in building startup Katerra
The investment is on top of the $2B SoftBank already sank into Katerra, and it will give the Japanese fund a majority stake in the startup
by Jim Dalrymple II Dec 31
Could SoftBank take one of its own investments public?
Heavily invested in companies like Compass and Opendoor, the Japanese conglomerate announced this week it would create a special purpose acquisition company, or SPAC
by Patrick Kearns Dec 24
Home improvement marketplace Porch makes stock market debut
Porch has evolved into an enterprise software company as well as a consumer-facing marketplace. The firm is the latest to use a merger with a blank check company to go public
by Jim Dalrymple II Dec 24
Everything that happened in 2020, the wildest year of our lives
This year had it all: A presidential election, a stock market crash and rebound, and the busiest summer and fall in memory — all amid an unprecedented global pandemic
by Jim Dalrymple II Dec 21
Opendoor makes public debut today
Following the official merger with Social Capital Hedosophia Holdings Corp. II, the well-funded iBuyer begins publicly trading as OPEN on the Nasdaq exchange Monday
by Patrick Kearns Dec 21
The 8 biggest stories that impacted real estate investors in 2020
The hottest topics for real estate investors this year ran the gamut — Airbnb's IPO, WeWork's new CEO, the vacation rental market's comeback, eviction bans and more
by Lillian Dickerson Dec 15
Airbnb valuation soars after wildly successful debut as public company
The travel company's share price shot up to more than $168 at one point after an initial price of $68 per share on Thursday, the company's first day on the Nasdaq
by Jim Dalrymple II Dec 10
Opendoor expands service offerings across multiple markets
The company is expanding its iBuying, in-person and virtual touring and financing services across multiple US markets, according to an Opendoor blog post Thursday
by Lillian Dickerson Dec 10
SoFi, another SoftBank-backed unicorn, considers going public
SoftBank scored big with an initial public offering for DoorDash this week and stands to turn a profit on its Opendoor investment
by Patrick Kearns Dec 10
In companywide memo to agents, Compass CEO touts benefits of IPO
In a memo obtained by Inman, Compass Chief Executive Robert Reffkin tells agents that an initial public offering will allow the company to invest in more tools and support
by Patrick Kearns Dec 8
Airbnb may actually be undervalued ahead of IPO: Study
A new analysis by consumer analytics company ValueChampion found that the pandemic has actually helped Airbnb achieve greater dominance over the travel booking industry
by Jim Dalrymple II Dec 2