Vision Fund and Advance Publications scored exits but the real estate portal operator ended up significantly downsizing its initial public offering.

Compass, the US-based real estate software provider backed by telecommunications and internet conglomerate SoftBank and media group Advance Publications, has gone public in a $450m initial public offering.

The offering consisted of 25 million shares priced at $18.00 each, at the foot of an $18 to $19 range cut from $23 to $26 at the same time the size of the offering was reduced from 36 million shares.

The company floated on the New York Stock Exchange late last…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.