Redfin Corporation (RDFN) is a digital real estate brokerage firm. As of March 10, 2025, its stock is trading at $5.82 per share, reflecting a slight decrease of 0.68% from the previous close.
Redfin Corp (RDFN)
$5.82
-$0.04(-0.68%)Today
$10.11+$4.29(+73.71%)Pre-Market
Recently, Rocket Companies announced plans to acquire Redfin in an all-stock transaction valued at $1.75 billion, equating to $12.50 per Redfin share. This news led to a significant surge in Redfin’s stock price, with shares rising up to 80% in premarket trading.
The acquisition aims to integrate Redfin’s platform, which attracts nearly 50 million monthly visitors, with Rocket’s mortgage products, streamlining the home-buying process. The deal is expected to deliver over $200 million in synergies by 2027 and enhance Rocket’s adjusted earnings per share by the end of 2026.
However, some investors are scrutinizing the fairness of the acquisition price. Law firm Halper Sadeh LLC is investigating whether the sale price adequately reflects Redfin’s value, encouraging shareholders to explore their legal rights and options.
As the acquisition progresses, it’s advisable for investors to monitor official communications from both companies and consult financial advisors to make informed decisions.