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Compass files S-1, reveals $3.7B in revenue on net loss of $270M



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Compass, the real-estate brokerage startup backed by roughly $1.6 billion in venture funding, filed its S-1 Monday.
The move comes just under one year after the New York-based company laid off 15% of its staff as a result of the shifting economic fortunes created by the global response to the novel coronavirus pandemic.
Prior to the IPO, SoftBank’s Vision Fund holds slightly more than a one-third stake in the company. Other investors include the Canadian Pension Plan Investment Board, Fidelity, Wellington Management, and the Qatar Investment Authority, according to Crunchbase.
The company’s last fundraise was in July 2019, when Compass — a …

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