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    9984   JP3436100006

SOFTBANK GROUP CORP.

(9984)
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SoftBank-backed Compass targets $10 billion valuation in U.S. IPO

03/23/2021 | 05:39am EDT
FILE PHOTO: FILE PHOTO: A

(Reuters) - SoftBank Group Corp-backed real estate brokerage firm Compass Inc said on Tuesday it is aiming for a valuation of up to $10 billion in its initial public offering in the United States.

The firm aims to raise up to $936 million in the IPO, selling 36 million Class A shares priced between $23 and $26 per share, it said in a filing.

Compass, which runs an integrated software platform that serves real estate agents in the residential market, has seen a surge in online home transactions during the COVID-19 pandemic.

Founded in 2012 by former Twitter Inc engineer Ori Allon and former Goldman Sachs executive Robert Reffkin, Compass covers 46 metropolitan statistical areas in the United States and works with over 19,000 agents.

It generates revenue from commissions paid for transactions on the platform.

The company has raised $1.5 billion from investors including SoftBank, Goldman Sachs and Canada Pension Plan Investment Board. It was valued at $6.4 billion after its $370 million funding round in 2019.

Goldman Sachs, Morgan Stanley and Barclays are the lead underwriters for Compass's IPO.

(Reporting by Niket Nishant in Bengaluru; Editing by Ramakrishnan M.)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BARCLAYS PLC -0.12% 183.74 Delayed Quote.25.27%
MORGAN STANLEY -0.62% 102.91 Delayed Quote.50.17%
SOFTBANK GROUP CORP. 2.76% 6627 End-of-day quote.-17.76%
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Analyst Recommendations on SOFTBANK GROUP CORP.
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Financials
Sales 2022 6 040 B 54 537 M 54 537 M
Net income 2022 1 310 B 11 826 M 11 826 M
Net Debt 2022 14 983 B 135 B 135 B
P/E ratio 2022 9,10x
Yield 2022 0,66%
Capitalization 11 353 B 103 B 103 B
EV / Sales 2022 4,36x
EV / Sales 2023 4,13x
Nbr of Employees 58 786
Free-Float 69,3%
Chart SOFTBANK GROUP CORP.
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SoftBank Group Corp. Technical Analysis Chart | 9984 | JP3436100006 | MarketScreener
Technical analysis trends SOFTBANK GROUP CORP.
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Mean consensus BUY
Number of Analysts 15
Last Close Price 6 627,00 JPY
Average target price 10 325,87 JPY
Spread / Average Target 55,8%
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Managers and Directors
Masayoshi Son Chairman & Executive President
Yoshimitsu Goto CFO, Director & Senior Managing Executive Officer
Raul Marcelo Claure Chief Operating Officer & Executive Vice President
Tim Mackey Chief Legal Officer & Group Compliance Officer
Masami Iijima Independent Outside Director
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