Redfin

  • Redfin shares fall 7% after real estate earnings disappoint

    Redfin shares fall 7% after real estate earnings disappoint

    Redfin, the real estate brokerage site, saw its shares tumble about 7 percent in after-hours trading, shortly after sharing its earnings. The newly public business may have disappointed Wall Street, but it’s still growing. Revenue was up 35 percent from last year and net income nearly doubled, from $5.7 million to $10.6 million. Read More

  • Most of 2017’s tech IPOs are performing well

    Blue Apron and Snap had disappointing debuts this year, but others have fared much better. Of the tech companies that have gone public this year, most are trading above their IPO price. But there haven’t been many of them, with just 15 tech companies debuting so far this year, making it the second slowest start since 2009, according to Dealogic. Although it isn’t quite as bad as the… Read More

  • VC doors are wide open for real estate startups Crunch Network

    VC doors are wide open for real estate startups

    Over the last couple of decades, online streaming, shopping and social networking startups have revolutionized the art of sitting around the house. Now, a new generation of internet entrepreneurs is focusing on getting us a better house to sit around in. Read More

  • Real estate site Redfin up 11% on stock market day two

    Real estate site Redfin up 11% on stock market day two

    Redfin, the Seattle-based real estate site, had a great first couple days on the stock market. After pricing above the expected range at $15 per share, the stock closed Friday up about 45% at almost $22. Today, shares were up another 11%, closing above $24. With a market cap approaching $2 billion, it’s more than double than the $770 million valuation that Redfin achieved in its last… Read More

  • Redfin soars 45% after IPO; CEO calls it ‘Amazon of real estate’

    Redfin soars 45% after IPO; CEO calls it ‘Amazon of real estate’

    It was a great day for Redfin, the Seattle-based real estate site that finally went public after 13 years as a startup. After pricing higher than expected at $15 per share and raising $138 million, the stock soared 45 percent before closing the day $21.72. This gives Redfin a market cap of $1.73 billion, well above its last private round, which was about $770 million. Redfin raised over… Read More

  • Redfin real estate site prices IPO at $15, valuing company at $1.2 billion

    Redfin real estate site prices IPO at $15, valuing company at $1.2 billion

    Redfin, the real estate site based in Seattle, has finally raised its IPO. Founded in 2004, this was 13 years in the making. Despite an ugly patent lawsuit from a former co-founder over one of Redfin’s pending patent applications, the company priced at $15 per share, a number that values the company at $1.2 billion. It also means the company just raised $138 million. Read More

  • Real estate site Redfin files for IPO

    Real estate site Redfin files for IPO

    Redfin, the popular real estate listings site, has filed for IPO. The Seattle-based company unveiled its filing, suggesting that it will raise $100 million, a placeholder that is subject to change. The timing of the filing implies that Redfin is likely to debut in late July or early August. Read More

  • Redfin Launches Automated Home Price Estimates

    Redfin Launches Automated Home Price Estimates

    Redfin.com today launched the latest iteration of its home-price estimate tool. Until today, you had to play real estate agent and pick your own comparables and Redfin would then use these to compute a reasonable estimate for the price of the house you were looking at. Now, the company has turned on its automated home price estimates based on its knowledge of the local market and the data it… Read More

  • Redfin Launches New Collaboration Tool For Home Buyers And Agents

    Redfin Launches New Collaboration Tool For Home Buyers And Agents

    Redfin is launching Shared Search today, a new tool that makes it easier to collaborate with others while you’re looking for a new home. When you’re searching for a new home, chances are you aren’t doing so alone. Chances are you are constantly sharing addresses, online links and other information about a prospective house with your spouse or significant other, maybe a… Read More