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Redfin files to raise $100 million in an IPO as the online real estate broker takes on Zillow

Online real estate broker Redfin is preparing to sell shares to the public, filing on Friday to raise up to $100 million.

Goldman Sachs is leading the IPO for Seattle-based Redfin, which specializes in buying and selling homes and uses a mobile app to do tasks like schedule home tours and suggest listings.

Revenue in 2016 jumped 43 percent to $267.2 million from $187.3 million a year earlier. The company's net loss narrowed to $22.5 million from $30.2 million. Redfin calls itself a "technology-powered real estate broker," and it's the human element...


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