Column: China's 'zero COVID' crackdown comes at a high price latimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from latimes.com Daily Mail and Mail on Sunday newspapers.
Inman Connect
Compass successfully completed its initial public offering on Thursday, as the stock began trading publicly on the New York Stock Exchange at 12:05 p.m. EST.
The stock, trading under the ticker symbol COMP, opened at $21.25, a $3.25 premium over its offering price of $18 per share, which was itself at the low end of its reduced target range. The opening share price gives Compass a valuation around $8 billion. However, the fully diluted valuation, which includes restricted stock units and options, is $10.3 billion.
The stock traded slightly down from its opening price in early trading. (See Inman’s Guide to Compass’ IPO for what to watch for as the day unfolds.)