• Redfin wants to take home $149 million in real estate IPO

    4 monthes ago - By VentureBeat

    Online real-estate brokerage Redfin announced terms for its planned IPO , saying it will sell 9.2 million shares priced between $12 and $14 a share.
    In that range, Redfin's offering would give the company a market cap between $1 billion and $1.2 billion and raise between $111 million and $129 million in proceeds for the company. If Redfin's underwriters exercise the over-allotment option, the offering could raise about $149 million.
    Redfin's online agents use its technology to offer commissions it says are well below traditional brokerages. Redfin plans to use the proceeds for general...
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