Wednesday, July 5, 2017

Redfin Files For $100M IPO

Seattle-based online real estate broker Redfin, has filed for an IPO, saying in a filing on Friday that the company is looking to raise up to $100M in an IPO on the NASDAQ Global Select Market. Redfin has applied to list as RDFN. Redfin's IPO is being underwritten by Goldman Sachs & Co., Allen & Company LLC, BofA Merrill Lynch, RBC Capital Markets, Oppenheimer & Co., and Stifel. The company reported a loss of $22.5M on revenues of $267.1M in 2016. Redfin is venture backed by Madrona Ventures, Greylock, Draper Fisher Jurvetson, Tiger Global, Vulcan Capital, and T. Rowe Price.