Redfin shares jump on acquisition from Rocket Companies

Redfin

10/03/2025 11:17

** Shares of Redfin RDFN.O rise 81.44% to $10.52 in premarket trading

** Rocket Companies RKT.N said it will buy Redfin, a digital real estate brokerage, in a deal valued at $1.75 billion

** Shares of RKT fall nearly 9% to $14.2 premarket

** The deal is expected to close by Q2 or Q3 2025

** As of last close RKT rose 40.05% YTD while Redfin fell 26.05%

 (Reporting by Aishwarya Jain in Bengaluru)

 ((Aishwarya.Jain@thomsonreuters.com;))