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Compass Closes Anywhere Merger and Issues Convertible Notes

Story Highlights
  • On January 9, 2026, Compass raised $1 billion via 0.25% convertible senior notes to refinance Anywhere debt and fund capped call transactions, strengthening its capital structure and managing potential dilution.
  • Compass completed its all-stock acquisition of Anywhere on January 9, 2026, creating a larger tech-driven real estate group under Compass International Holdings aimed at uniting leading brands on one platform.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Compass Closes Anywhere Merger and Issues Convertible Notes

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Compass ( (COMP) ) has shared an update.

On January 9, 2026, Compass issued $1.0 billion of 0.25% Convertible Senior Notes due 2031 in a private placement to institutional buyers, using the proceeds primarily to repay existing indebtedness of Anywhere Real Estate and cover costs tied to their merger, as well as to fund capped call transactions designed to limit dilution upon conversion of the notes. The notes, which are senior unsecured obligations guaranteed by certain Compass subsidiaries, carry an initial conversion price of about $15.98 per share and are paired with capped call transactions with a $23.68 per-share cap, reinforcing the company’s capital structure as it integrates Anywhere. On the same date, Compass completed its previously announced all-stock acquisition of Anywhere, exchanging each share of Anywhere common stock for 1.436 Compass shares, and began operating the combined business under Compass International Holdings, positioning the enlarged group—under Chairman and CEO Robert Reffkin—as a dominant, technology-driven platform for real estate professionals that brings together respected brands and agents on a single modern technology infrastructure.

The most recent analyst rating on (COMP) stock is a Hold with a $12.50 price target. To see the full list of analyst forecasts on Compass stock, see the COMP Stock Forecast page.

Spark’s Take on COMP Stock

According to Spark, TipRanks’ AI Analyst, COMP is a Neutral.

The score is driven primarily by improving operating trajectory and cash generation (despite still-weak profitability), reinforced by strong technical momentum and a positive earnings-call backdrop with disciplined expense guidance. Offsetting factors are loss-driven valuation (negative P/E) and transaction/legal execution risks tied to the Anywhere merger and related financing.

To see Spark’s full report on COMP stock, click here.

More about Compass

Compass, Inc. is a leading tech-enabled real estate services company that operates the largest residential real estate brokerage in the United States by sales volume. Founded in 2012 and based in New York City, it provides an end-to-end, cloud-based software platform tailored for residential real estate agents, integrating customer relationship management, marketing, client service and brokerage tools to help agents grow and manage their businesses more efficiently. Compass’ network also includes Christie’s International Real Estate, a premier global luxury real estate brand with more than 100 independently owned brokerage affiliates in 50 countries and territories.

Average Trading Volume: 13,948,561

Technical Sentiment Signal: Buy

Current Market Cap: $6.66B

For an in-depth examination of COMP stock, go to TipRanks’ Overview page.

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