Real estate site Redfin soars 45% after IPO

Real estate site Redfin soars 45% after IPO



 It was a great day for Redfin, the Seattle-based real estate site which finally went public after 13 years as a startup. After pricing above the range at $15 per share and raising $138 million, the stock soared 45% before closing at $21.72. This gives Redfin a market cap of $1.73 billion, well above its last private round, which was about $770 million. Redfin raised over $167 million in… Read More

Source: techCrunch