Update 10:09 a.m. EST: Many analysts have seen Zillow Group and Realogy as Redfin’s top publicly traded competitors. We’ll be watching trading of their stocks today. Zillow Group shares are trading at $45.08, up 0.35 percent today. Realogy shares have slipped by 0.3 percent to $32.82. Update 9:44 a.m. EST: Watch Redfin ring the bell for the opening of the Nasdaq. Update 9:41 a.m. EST: Founders of other high-tech brokerages will be watching Redfin’s IPO closely. Strong interest from investors would bode well for their ability to raise more money or get acquired. Joshua Hunt, CEO of Denver-based low-fee brokerage Trelora, says he’s recently received a flood of questions from venture capital firms and industry watchers. “The announcement for IPO — we have seen much activity on our front of everybody trying to figure out what this means for the future,” he said. Trelora recently closed a $4.5 million funding round with plans to bring its low-fe…
Source: click here
Loading ...