Redfin goes public, stock explodes in early trading

Online real estate brokerage Redfin became the latest real estate company to go public, when the company’s shares began trading on the Nasdaq on Friday morning. Traders ate up the stock after it began trading at approximately 10am Eastern on Friday. In early trading, Redfin’s stock (trading under the symbol “RDFN”) shot up past $20 per share, an increase of more than 35% above its initial trading price.

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