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New homebuyers are seeking old homes, unaware of how costly renovations can be - Vimarsana News

New homebuyers are seeking old homes, unaware of how costly renovations can be

Escaping to the country is all romance until it’s time to escape from your creditor. With a large share of the nation’s workforce continuing to work remotely, many used their downtime last year to fulfill their dream of buying a dear little house far from plague-ridden urban centers. Data from Realtor.com shows that sales of homes built more than 100 years ago rose by 16 percent in 2020 in the tri-state area compared to last year. (iStock) Data from Realtor.com shows that sales of homes built more than 100 years ago rose by 16 percent in 2020 in the tri-state area compared to ...

SoftBank-backed Compass raises $450 million in downsized IPO - Vimarsana News

SoftBank-backed Compass raises $450 million in downsized IPO

2 Min Read (Reuters) -Compass Inc, the U.S. real estate technology firm backed by SoftBank Group, said on Wednesday it sold shares in its initial public offering at $18 each, at the lower end of its downsized target range to raise $450 million. Compass had previously set a price range of $18-$19 per share, downsized from its prior target at $23 to $26. At $18, a fully diluted valuation, which includes securities such as options and restricted stock, would be $9 billion, compared to $6.4 billion in its most recent private funding round in 2019. The IPO is a sign of investor fatigue for new sto...

SoftBank-backed realty tech firm Compass raises $450m in downsized IPO - Vimarsana News

SoftBank-backed realty tech firm Compass raises $450m in downsized IPO

SoftBank-backed realty tech firm Compass raises $450m in downsized IPO April 1, 2021 Compass Inc, the U.S. real estate technology firm backed by SoftBank Group, said on Wednesday it sold shares in its initial public offering at $18 each, at the lower end of its downsized target range to raise $450 million. Compass had previously set a price range of $18-$19 per share, downsized from its prior target at $23 to $26. At $18, a fully diluted valuation, which includes securities such as options and restricted stock, would be $9 billion, compared to $6.4 billion in its most recent privat...