Real estate start-up Redfin surges over 40% in IPO
“Shares of online real estate broker Redfin hit the public market on Friday in a $138.5 million IPO.
The stock popped more than 44 percent headed in to Friday’s closing bell.
The stock was listed on the Nasdaq under the symbol “RDFN.” The 9.23 million share offering priced at $15 a share, above the expected price range of $12 to $14 apiece.
Redfin specializes in buying and selling homes and uses a mobile app to do tasks like schedule home tours and suggest listings.”
Huge congrats to Glenn and his team! Best line from Glenn talking about recruiting agents…
“They are working for a brand that doesn’t feel like the Radio Shack of real estate but the Apple of real estate’”
