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

Thursday Jul 13th, 2017


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]