Compass shares soar 18% in trading debut

Compass shares soar 18% in trading debut

Residential brokerage Compass’ shares soared 18% in their trading debut Thursday, after the company’s initial public offering priced at $18, the low end of an already reduced range.

Compass had cut its price range to an $18-$19 range from $23 to $26, and cut the number of shares on offer to 25 million from 36 million. SoftBank owns just over a third of the company.

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