Rocket companies 1.75B to get Redfin

Redfin have be earned In a business operation that values ​​the real estate list platform from $ 1.75 billion.

Is the company taken Rocket companiesDetroit, Michigan Basic Financial and Real Estate Holding Company, which has various brands, including a missile mortgage, missile money (previously truebill) and missile credits.

The integrated enterprise will not spare their relevant strengths in the house search services and financing of two companies.

“The rapprochement of Rocket and Redfin’s credit and brokerage service, all the home purchasing process has always been two-half of a vision to make magic,” said Redfin CEO Glenn Kelman A said statement. “We want a customer to learn what happens to what houses are suitable for him, to appoint a tour with the local, expert redfin agent and become qualified in advance for a few minutes.”

REDFIN, built in Seattle in Seattle, runs a residential real estate platform for US and Canadian markets. Amazon of the self-proclaimed “property” Went to the public in 2017And its shares are usually sold for about $ 20 in the next few years. However, as in many technological companies, Redfin, in the early 2021, in the early 2021 years, reached $ 96 to $ 96 in the last three years.

Redfin shares slipped over 30% after the past few weeks Q4 2024 Analysts expectations And for his present quarter, the forecast was considered weak.

Rocket companies, for their part, Went to the public in 2020And today there is a $ 31 billion market lid. The company’s share offers $ 12.50 offered, Redfin’s volume average price (VVAP), which is the 63% reward of Redfin, until March 7, 2025.

Both board confirm the operation, Redfin’s shareholders’ Redfin’s Rubberstamp said that Redfin will occur since Q3, 2025, Redfin will continue in Helm and report Rocket’s CEO of Rocket.

This article was updated to clarify that the Redfi will remain as a public company as part of missile companies.