Real estate site Redfin soars 45% after IPO

It was a great day for Redfin, the Seattle-based real estate site which finally went public after 13 years as a startup. After pricing above the range at $15 per share, the stock soared 45% before closing at $21.72. This gives Redfin a market cap of $1.73 billion, well above its last private round, which PitchBook estimates was $1.03 billion. Redfin raised over $167 million in equity funding… Read More