Through its investment in Compass, Masa Son's SoftBank placed what it anticipated would be a game-changing wager on residential brokerage.
It's a wager that has turned out to be quite expensive.
The $1.08 billion it invested in Compass across three fundraising rounds was announced on August 5 by the Japanese investing juggernaut Vision Fund
Compass shares have dropped 33% since then, reaching $2.82 as of Thursday's market closing, down from $4.10 on August 5.
According to PitchBook, SoftBank co-led Compass' $550 million Series E round in December 2017, valuing the brokerage at $2.2 billion.
It also participated in the $400 million Series F round, valued at $4.4 billion, and the $500 million Series G round, valued at $6.4 billion