Redfin – $159 Million IPO

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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Related Contacts
Eric Jensen  Partner Palo Alto, San Francisco
Alan Hambelton  Partner Seattle
Julia Stark  Associate Seattle
Samantha LaPine  Partner San Diego, San Francisco
David Crawford  Special Counsel San Diego
Megan Arthur Schilling  Partner San Diego
Kimberly Nguyen  Special Counsel Reston
Susan Cooper Philpot  Retired Partner San Francisco