Seattle-based Redfin Corp, an online real estate broker, has debuted its IPO after pricing its over 9.2 million shares at $15 per share. The stock began trading July 28, 2017 on the NASDAQ under the ticker symbol “RDFN.” Goldman Sachs and Allen & Company are serving as the lead underwriters. Redfin’s pre-IPO backers include Tiger Global Management LLC and T. Rowe Price Associates.
SEATTLE, July 27, 2017 (GLOBE NEWSWIRE) — Redfin Corporation (NASDAQ:RDFN), a technology-powered residential real estate brokerage, today announced the pricing of its initial public offering of 9,231,000 shares of its common stock at a price of $15.00 per share. All of the shares are being offered by Redfin. The shares are expected to begin trading on The NASDAQ Global Select Market under the symbol “RDFN” on July 28, 2017. In addition, Redfin has granted the underwriters a 30-day option to purchase up to an additional 1,384,650 shares of common stock at the initial public offering price.
Goldman Sachs & Co. LLC and Allen & Company LLC are acting as lead book-running managers for the offering. BofA Merrill Lynch and RBC Capital Markets are also acting as book-running managers for the offering, and Oppenheimer & Co. and Stifel are acting as co-managers.
The offering is being made only by means of a prospectus. A copy of the final prospectus, when available, may be obtained from Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, or by telephone at (866) 471-2526, or by facsimile at (212) 902-9316, or by email at email@example.com; or from Allen & Company LLC, Attention: Prospectus Department, 711 Fifth Avenue, 10th Floor, New York, NY 10022, or by telephone at (212) 339-2220, or by email at firstname.lastname@example.org.