Brokerage now valued at $6.4B

Compass Founder & CEO Robert Reffkin (Credit: Michael Toolan, iStock)
After raising another $370 million, the only thing standing between Compass and an IPO is time.
The New York-based brokerage — now valued at $6.4 billion — announced its latest round Tuesday, eliciting a new round of speculation as to when it may go public.
Robert Reffkin, CEO and co-founder of the firm, acknowledged Tuesday that going public was in the cards.
“Look, we’re likely going to have an IPO,” he said during an interview on CNBC’s Squawk Box. “But we’re fortunate, given our capital base, that we have flexibility in timing.”
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Posted on 07/30/2019 at 08:15 AM