Friday, 21 September 2018

Wheels of fortune: with M&A activity and funding rounds abound, the industry is rethinking the value of resi brokerages

When the venture-backed brokerage Compass secured a cash infusion of $75 million last month, the response from industry rivals was fast and furious. The valuation being bandied about — more than $1 billion — did little to silence critics who claimed Compass’ math was lofty enough if it was deeming itself a tech startup, but downright artificial for a residential real estate brokerage. But could there have been a hint of jealousy among the firm’s […]



source https://therealdeal.com/issues_articles/wheels-of-fortune/#new_tab

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