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News & Press: Industry News

Redfin Files for Initial Public Offering

Tuesday, July 18, 2017  
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Real estate company Redfin, which started in 2004, has filed for an initial public offering in a bid to raise capital. The company has reportedly raised over $160 million in venture funding thus far; venture capital companies currently own over 40% of the company.

Redfin recently started originating loans through its lending operation, Redfin Mortgage. Redfin’s business model is based on real estate commissions from listings and sales generated through its website. So far, the company is not profitable but revenue has been growing significantly.

 

California Land Title Association


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