Compass jumps 18% on report of Vista Equity takeover interest (update)

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Update 10am: Updates shares.

• Compass Inc. (NYSE:COMP) soared 18% on a report that Vista Equity is looking to take the real estate brokerage private.
• An additional private equity firm may also be involved in a possible transaction, according to an Insider report.
• A Compass representative told the publication that "no private equity firm has contacted Compass expressing any interest in taking the company private."
• Compass (COMP) shares have dropped 86% since the tech-centric real estate went public in late March of last year. Compass has a market cap of $1.05 billion.
• Compass (COMP) short interest is 5.7%.
• Last month, Compass (COMP) executed another round of lay-offs as part of its previously announced cost reduction efforts that aim to achieve $320M in target run rate saving.