Fenwick & West represented Redfin Corporation (NASDAQ: RDFN), a leading technology-powered residential real estate brokerage, in its concurrent underwritten public offerings of 4,205,510 shares of common stock at a public offering price of $23.50 per share, and $125 million aggregate principal amount of its 1.75% convertible senior notes due 2023. As part of the offering, Redfin granted the underwriters of the common stock offering a 30-day option to purchase up to an additional 630,826 shares and the underwriters of the notes offering a 30-day option to purchase up to an additional $18.75 million aggregate principal amount of notes, solely to cover over-allotments.
Goldman Sachs & Co. LLC acted as lead book-running manager for the common stock offering and the notes offering. BofA Merrill Lynch and RBC Capital Markets acted as bookrunners for the common stock offering and the notes offerings, and Allen & Company LLC acted as bookrunner for the common stock offering. Oppenheimer & Co. acted as co-manager for the common stock offering.
The Fenwick transaction team included Alan Smith, Jamie Evans, David Michaels, Niki Fang, Katherine Duncan, Julia Forbess, Can Sun, Amanda Baratz, Emily Yi, Noah Driggs and Michelle Fang.