The investment firm Vanguard Group has purchased a more than 10 percent stake in Redfin.
Recent filings with the U.S. Securities and Exchange Commission show that Vanguard now owns 9,444,137 Redfin shares, which equates to a 10.54 percent stake in the company, according to Inman. The investment should be worth more than $160 million based on Redfin’s $16.96 closing stock price on Friday.
The post Vanguard now owns more than 10% of discount brokerage Redfin appeared first on CRETECH.
We provide a fun, casual and candid atmosphere to learn about innovation in the industry. CREtech is where the commercial real estate industry comes to discover all things tech. Our mission at CREtech is to connect the commercial real estate and tech sectors, bringing a new age of innovation and growth to the industry.