Online real-estate brokerage Redfin announced terms for its planned IPO, saying it will sell 9.2 million shares priced between $12 and $14 a share.
In that range, Redfin’s offering would give the company a market cap between $1 billion and $1.2 billion and raise between $111 million and $129 million in proceeds for the company.
If Redfin’s underwriters exercise the over-allotment option, the offering could raise about $149 million.Redfin’s online agents use…
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