Redfin Corp. priced its initial batch of shares at $15 Thursday night, higher than the company’s expected range, to achieve a valuation of $1.2 billion. The real-estate company, which mixes online technology with traditional agents, had expected to command a price of $12 to $14 a share in its initial public offering. The company has agreed to sell 9.23 million shares at that price, to collect more than $138 million, and underwriters have access to another 1.38 million shares at the same price. Redfin shares are expected to begin trading on the Nasdaq Global Select Market on Friday under the ticker symbol RDFN.
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