Real Estate Brokerage Compass Taps Banks for IPO

(Bloomberg) — Compass, a SoftBank-backed company that’s among the largest real estate brokerages in the U.S., has selected underwriters for a potential initial public offering, according to a person with knowledge of the matter.



a tall building in a city: A view of midtown is seen from the penthouse apartment at the 50 United Nations Plaza building in New York, U.S., on Tuesday, June 7, 2016.


© Bloomberg
A view of midtown is seen from the penthouse apartment at the 50 United Nations Plaza building in New York, U.S., on Tuesday, June 7, 2016.

The New York-based startup is working with Goldman Sachs Group Inc. and Morgan Stanley ahead of a listing that’s slated for 2021, said the person, who requested anonymity because the information isn’t public.

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Representatives for Compass and Goldman declined to comment. A spokesman for Morgan Stanley didn’t immediately have a comment.

Compass was founded in 2012 by Ori Allon and Robert Reffkin, a Goldman alum who was once Gary Cohn’s chief of staff at the bank. It positions itself as a real estate firm that uses

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UPDATE 1-Property developer Land Securities taps Grainger’s Vanessa Simms as CFO

(Adds details on incoming CFO, background)

Oct 28 (Reuters) – British property developer Land Securities Group Plc on Wednesday said it would appoint Vanessa Simms as its finance chief, replacing Martin Greenslade who announced his intention to step down from the role last month.

Simms is currently the chief financial officer of residential landlord Grainger and will join the company in June next year, Land Securities said.

The appointment of a new finance head comes at a time when the Bluewater-owner is looking to reinvest in its London portfolio and reduce its exposure to the retail sector.

The Financial Times reported here earlier this month that the FTSE-100 company will sell off close to a third of its property portfolio.

Last month, rival mall and office owner British Land said its Chief Executive Officer Chris Grigg would step down after 11 years in the role, handing over the reins to

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