Anywhere Real Estate Stock Rocketed 63% Pre-Market Today – Here’s What Happened

Anywhere Real Estate Inc. (HOUS) and Compass Inc. (COMP) announced on Monday that the companies intend to combine in an all-stock transaction with an expected enterprise value of approximately $10 billion, including the assumption of debt.

Upon completion of the transaction, present Compass shareholders will own about 78% of the combined company on a fully diluted basis, while Anywhere shareholders will own nearly 22%.

Shares of Anywhere Real Estate jumped 63% before the bell while Compass stock declined over 12% in premarket trading.

Retail sentiment on Anywhere jumped to ‘bullish’ from ‘bearish’ a day ago, with message volumes at ‘extremely high’ levels, according to data from Stocktwits.

The companies stated that under the terms of the agreement, each share of Anywhere common stock will be exchanged for 1.436 shares of Compass Class A common stock, representing a value of $13.01 per share of Anywhere common stock. The share price is based on Compass' 30 trading-day volume-weighted average price as of September 19, 2025.

The transaction has been unanimously approved by the boards of both Compass and Anywhere and is expected to close in the second half of 2026. The companies said that on the close of the deal, Compass CEO and Founder Robert Reffkin will lead the combined company.

Compass has obtained a $750 million financing commitment from Morgan Stanley Senior Funding. This transaction will bring together about 340,000 real estate professionals globally onto a shared network operating in every major U.S. city and serving approximately 120 countries and territories.

Retail sentiment on Compass improved to ‘bullish’ from ‘neutral’ territory a day ago, with chatter at ‘high’ levels, according to data from Stocktwits. Compass said it anticipates achieving $225 million plus in non-GAAP OPEX synergies, net of dissynergies and friction costs.

Shares of Anywhere jumped 115% this year, while Compass stock has gained nearly 62% year-to-date. 

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