Redfin’s long-awaited IPO went well for the Seattle-based technology-powered real estate brokerage this morning. They priced the IPO at $15 per share last night, raising $138 million for the company. When shares started trading on the open market this morning under the ticker symbol RDFN they opened at $19.56.
News broke late this afternoon that after 13 years as a “startup,” Redfin has finally filed their S-1 with the SEC, signalling their intent to make an initial public offering (IPO) later this year.
Let’s take this opportunity to directly compare some financial and usage data between Redfin and Zillow.
As you probably know, Zillow will be going public with an IPO later this year. They made a few headlines today (TechCrunch, GeekWire, TechFlash) with an annoucement that their initial target stock price will be $16-$18, putting the company’s valuation at $485 million. So here’s a weekend conversation starter for you: Will you be buying […]