Press Release

Redfin – $159 Million IPO

August 3, 2017

Palo Alto – August 3, 2017 – Cooley advised the underwriters on Redfin’s $159 million initial public offering of 10,615,650 shares of common stock. The shares were offered at $15.00 per share and the closing price on the first day of trading was $21.70.

Goldman Sachs and Allen & Co. acted as lead book-running managers for the offering. BofA Merrill Lynch and RBC Capital Markets acted as book-running managers for the offering, and Oppenheimer & Co. and Stifel acted as co-managers.‎

Seattle-based Redfin, which now trades on The NASDAQ Global Select Market as “RDFN,” is the next-generation real estate brokerage, combining its own full-service agents with modern technology to redefine real estate in the consumer's favor. Founded by software engineers, it has the #1 brokerage website in the US and offers a host of online tools to consumers.

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