COMPS.COM Inc. –

SAN DIEGO – COMPS.COM Inc., an online and offline commercial real estate service, went public May 5. The company offered 4.5 million shares at $15 apiece, above the company’s $11 to $13 filing range.

Underwriters included Volpe Brown Whelan & Co., EVEREN Securities Inc. and Needham & Co. Inc. There were no selling shareholders.

Summit Partners was a venture investor.

COMPS.COM, incorporated in January 1982, provides a database of commercial real estate listings that can be accessed via the Internet, fax and e-mail. The Web site lists sale prices, capitalization rates, loan information, photographs of the property and broker/seller information. As of December 1998, the company had acquired $11.6 million in losses.

Proceeds will be used for working capital and other general corporate purposes. The company has never declared or paid cash dividends.

Gregory Avis, managing director of Summit Partners, has been a director of the company since October 1994.

COMPS.COM – Selected Financial

(in thousands, except per share data )

Year Ended December 31,

1994 1995 1996 1997 1998

Net revenue 6,030 6,716 8,707 10,867 12,900

Net loss -702 -1,359 -2,307 -1,557 -1,659

Net loss per share -0.16 -0.47 -0.74 -0.53 -0.6