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Redfin Surges In IPO

Seattle-based Redfin, the online real estate brokerage run by Glenn Kelman, was up more than 37 percent in its IPO this morning, after selling 9.2 million shares of its stock at $15.00 per share last night. Redfin, which is now trading on the NASDAQ Global Market as RDFN, was trading around $20.55 in morning trading on Friday. Redfin was venture backed by Madrona, Greylock Partners, Draper Fisher Jurveston, Tiger Global, Vulcan Capital, T. Rowe Price, and others.


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