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Why Redfin’s IPO matters so much to other real estate tech companies

Thursday Jul 13th, 2017

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When it launched in 2004, online real estate brokerage Redfin blazed a trail for companies such as Findwell, Compass, TripleMint, ZipRealty and LG Fairmont. But while it’s been expanding steadily and increasing revenues — it was involved in the sale of 75,000 homes worth more than $40 billion since its launch through the end of 2016 — the company is still far from profitable. Now, as Redfin gears up to go public, real estate insiders say the success or failure of the... [read more]

Redfin is getting ready for an IPO

Wednesday Jul 5th, 2017

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Online real estate brokerage Redfin has put the “for sale” sign on its own shares, filing the paperwork for an IPO late on Friday. Redfin is backed by some of Silicon Valley’s biggest names, and plans to begin trading on the Nasdaq exchange under the ticker symbol “RDFN,” it said in the S-1 filing with the SEC. Redfin pegged the size of the offering at $100 million, though that number is likely just a placeholder that will be updated with the real, larger... [read more]

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