Redfin went public Friday morning in the Seattle region’s first IPO of the year, and on this special edition of the GeekWire Podcast, we analyze the tech-powered real estate brokerage’s trading debut and talk about its prospects going forward.
The company, founded in 2004, operates in 80 markets across the U.S., and touts its technology prowess as a way to create efficiencies in real estate buying and selling that it then passes along to customers in the form of savings and lower transaction fees. Redfin’s revenue rose 43 percent to more than $267 million last year, but the company also posted a $23 million annual loss.
We talk about Wall Street’s initial reaction to the stock and look ahead to the company’s future, with perspective from GeekWire co-founder John Cook, who has covered the Seattle-based company almost since the beginning.
Listen below, download the MP3 here, and see our Redfin IPO coverage below.
- Redfin stock climbs in early trading as tech-powered brokerage debuts as public company
- Redfin prices IPO at $15 per share, higher than expected, in advance of Wall Street debut
- Redfin vs. Zillow: Comparing the two real estate powerhouses at the time of their IPOs
- Key question in Redfin IPO: Will it be valued as a tech company or a real estate brokerage?
- In updated IPO filing, Redfin says its co-founder is threatening patent suit
- Tech-powered real estate brokerage Redfin files for IPO
