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Enlarge / Redfin CEO Glenn Kelman (credit: Randy Stewart) Shares of high-tech real estate brokerage Redfin surged on their first day of trading Friday. Initially offered for $ 15 per share, the company’s stock had soared above $ 20 by early afternoon, valuing the company at more than $ 1.5 billion. Founded in 2004, Redfin pioneered the concept […]
Redfin is not exactly a household name in the world of consumer tech – it’s a residential real-estate brokerage built on the Internet – but it’s the closest thing the tech IPO market has to a hero as we enter the second half of 2017. Following disappointing IPOs from Snap, Blue Apron, and Tintri, Redfin priced […]
