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For Compass agents invested in the firm’s success, nothing can rain on their parade.
Last week, Compass’s initial public offering raised $450 million. Though the company had at one time hoped to raise more than twice as much, Compass founders and top executives now have stock holdings worth millions on paper. But many of the rank and file also have skin in the game.
The effect, particularly for agents who’ve been at the firm five or six years, is one of shock and elation.
Broker Brian Lewis described getting a rush of excitement every time he looked at his Compass investments. Heather McDonough Domi, a Compass broker since 2019, said she knew of one veteran Compass agent who invested heavily for whom the IPO was “life changing.”
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