Palo Alto – August 3, 2017 – Cooley advised the underwriters on Redfin’s $159 million initial public offering of 10,615,650 shares of common stock. The shares were offered at $15.00 per share and the closing price on the first day of trading was $21.70.
Goldman Sachs and Allen & Co. acted as lead book-running managers for the offering. BofA Merrill Lynch and RBC Capital Markets acted as book-running managers for the offering, and Oppenheimer & Co. and Stifel acted as co-managers.
Seattle-based Redfin, which now trades on The NASDAQ Global Select Market as “RDFN,” is the next-generation real estate brokerage, combining its own full-service agents with modern technology to redefine real estate in the consumer's favor. Founded by software engineers, it has the #1 brokerage website in the US and offers a host of online tools to consumers.
About Cooley LLP
Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law.
Cooley has 900 lawyers across 12 offices in the United States, China and Europe.