{"id":104733,"date":"2017-07-28T11:13:36","date_gmt":"2017-07-28T18:13:36","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=104733"},"modified":"2017-07-28T16:07:00","modified_gmt":"2017-07-28T23:07:00","slug":"redfin-ipo-raises-138-million-share-prices-climb","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2017\/07\/28\/redfin-ipo-raises-138-million-share-prices-climb\/","title":{"rendered":"Redfin IPO Raises $138 Million, Share Prices Climb"},"content":{"rendered":"<p><em style=\"font-size:85%;\"><strong>Disclosure:<\/strong> Tim worked at Redfin from 2010 through 2013, and owns a modest amount of Redfin stock.<\/em><br \/>\n<em style=\"font-size:85%;\"><strong>Disclaimer:<\/strong> Nothing in this post should be construed as investment advice.<\/em><\/p>\n<p>Redfin&#8217;s long-awaited IPO went well for the Seattle-based technology-powered real estate brokerage this morning. They <a href=\"https:\/\/www.geekwire.com\/2017\/redfin-prices-ipo-15-per-share-continuing-quest-transform-real-estate\/\" title=\"Redfin prices IPO at $15 per share, higher than expected, in advance of Wall Street debut\">priced the IPO at $15 per share<\/a> last night, raising $138 million for the company. When shares started trading on the open market this morning under the ticker symbol <strong>RDFN<\/strong> they opened at $19.56.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">.<a href=\"https:\/\/twitter.com\/Redfin?ref_src=twsrc%5Etfw\">@Redfin<\/a> takes over Times Square after ringing the <a href=\"https:\/\/twitter.com\/Nasdaq?ref_src=twsrc%5Etfw\">@Nasdaq<\/a> Opening Bell in celebration of their IPO!!?? <a href=\"https:\/\/twitter.com\/search?q=%24RDFN&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$RDFN<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/NasdaqListed?src=hash&amp;ref_src=twsrc%5Etfw\">#NasdaqListed<\/a> <a href=\"https:\/\/t.co\/cKbM5ZBFeO\">pic.twitter.com\/cKbM5ZBFeO<\/a><\/p>\n<p>&mdash; Nasdaq Exchange (@NasdaqExchange) <a href=\"https:\/\/twitter.com\/NasdaqExchange\/status\/890934392725622784?ref_src=twsrc%5Etfw\">July 28, 2017<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><figure id=\"attachment_104735\" aria-describedby=\"caption-attachment-104735\" style=\"width: 350px\" class=\"wp-caption alignright\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2017\/07\/Redfin-NASDAQ-Times-Square.jpg\" rel=\"lightbox[104733]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2017\/07\/Redfin-NASDAQ-Times-Square-350x468.jpg\" alt=\"Redfin in Times Square, photo by Arthur Patterson\" width=\"350\" height=\"468\" class=\"size-medium wp-image-104735\" srcset=\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2017\/07\/Redfin-NASDAQ-Times-Square-350x468.jpg 350w, https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2017\/07\/Redfin-NASDAQ-Times-Square-250x334.jpg 250w, https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2017\/07\/Redfin-NASDAQ-Times-Square-768x1027.jpg 768w, https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2017\/07\/Redfin-NASDAQ-Times-Square-700x936.jpg 700w, https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2017\/07\/Redfin-NASDAQ-Times-Square.jpg 966w\" sizes=\"auto, (max-width: 350px) 100vw, 350px\" \/><\/a><figcaption id=\"caption-attachment-104735\" class=\"wp-caption-text\">Redfin in Times Square, photo by Arthur Patterson<\/figcaption><\/figure>My friends over at <a href=\"https:\/\/www.geekwire.com\/\" title=\"GeekWire\">GeekWire<\/a> have been publishing great coverage this morning and last night in a series of articles <em>(updated with two more links)<\/em>:<\/p>\n<ul>\n<li><a href=\"https:\/\/www.geekwire.com\/2017\/redfin-prices-ipo-15-per-share-continuing-quest-transform-real-estate\/\" title=\"Redfin prices IPO at $15 per share, higher than expected, in advance of Wall Street debut\">Redfin prices IPO at $15 per share, higher than expected, in advance of Wall Street debut<\/a><\/li>\n<li><a href=\"https:\/\/www.geekwire.com\/2017\/done-way-redfin-ceo-glenn-kelman-rings-nasdaq-opening-bell-ipo\/\" title=\"Redfin stock climbs in early trading as tech-powered brokerage debuts as public company\">Redfin stock climbs in early trading as tech-powered brokerage debuts as public company<\/a><\/li>\n<li><a href=\"https:\/\/www.geekwire.com\/2017\/redfin-vs-zillow-comparing-two-real-estate-powerhouses-time-ipos\/\" title=\"Redfin vs. Zillow: Comparing the two real estate powerhouses at the time of their IPOs\">Redfin vs. Zillow: Comparing the two real estate powerhouses at the time of their IPOs<\/a><\/li>\n<li><a href=\"https:\/\/www.geekwire.com\/2017\/venture-firm-early-investor-last-three-seattle-area-startups-go-public\/\" title=\"This venture firm was an early investor in the last three Seattle-area startups to go public\">This venture firm was an early investor in the last three Seattle-area startups to go public<\/a><\/li>\n<li><a href=\"https:\/\/www.geekwire.com\/2017\/podcast-redfin-ipo-whats-next-seattles-newest-public-company\/\" title=\"Podcast: All about the Redfin IPO, and what\u2019s next for Seattle\u2019s newest public company\">Podcast: All about the Redfin IPO, and what\u2019s next for Seattle\u2019s newest public company<\/a><\/li>\n<li><a href=\"https:\/\/www.geekwire.com\/2017\/qa-redfin-ceo-glenn-kelman-wants-keep-company-weird-even-going-public\/\" title=\"Q&#038;A: Redfin CEO Glenn Kelman wants to keep his company weird, even after going public\">Q&#038;A: Redfin CEO Glenn Kelman wants to keep his company weird, even after going public<\/a><\/li>\n<\/ul>\n<p>As of 11:00 AM this morning, <strong>RDFN<\/strong> has climbed to over $21 per share, which gives the company a market cap of about $1.67 billion.<\/p>\n<p>Here&#8217;s hoping that Redfin goes on to do great things with the new cash infusion, bringing much-needed change to the industry. I&#8217;m rooting for them, and not just because I&#8217;m a shareholder.<\/p>\n<div style=\"clear:both;\"><\/div>\n<p>https:\/\/twitter.com\/The_Tim\/status\/890928694503460864<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Redfin&#8217;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 <strong>RDFN<\/strong> they opened at $19.56.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"On the blog: Redfin IPO Raises $138 Million, Share Prices Climb","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[198],"tags":[830,793,82,271],"coauthors":[1158],"class_list":["post-104733","post","type-post","status-publish","format-standard","hentry","category-news","tag-geekwire","tag-ipo","tag-redfin","tag-stock-market"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Redfin IPO Raises $138 Million, Share Prices Climb \u2022 Seattle Bubble<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/seattlebubble.com\/blog\/2017\/07\/28\/redfin-ipo-raises-138-million-share-prices-climb\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Redfin IPO Raises $138 Million, Share Prices Climb \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"Redfin&#039;s long-awaited IPO went well for the Seattle-based technology-powered real estate brokerage this morning. 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