A strong debut as a public company by Redfin Corp. signals that investors believe the real-estate brokerage industry is ripe for disruption. The company’s share price hit nearly $22 at the end of its first day of trading on Friday, up 45% from its initial public offering price. Shares continuing rocketing higher this week, fetching $27.54 in midday Tuesday Nasdaq Stock Market trading. Redfin’s growth has been moderate compared...

Source: Wall Street Journal August 01, 2017 18:56 UTC