Detroit-based Fintech Platform Rocket Companies (NYSE: RKT), Seattle Mortgage Services Company Redfin (NASDAQ: RDFN) in one joint-stock operation in each other, was announced on Monday.
Each Redf Share, for 0.7926 shares of the rocket class, stock and regulatory confirmation will be expected in 2025, the stock exchange shares will be changed.
After the announcement, the Redfin Foundation increased by 70% to $ 9.91 in premarket trade. This increase came after the rocket companies agreed to obtain 63% award for a 63% award for 63% of the average price of Redfin.
On the other hand, the rocket shares approached 13%.
To create real estate credited power
The purchase brings together two main players in real estate and mortgage lending. REDFIN, built in 2004, is one of the most visited real estate platforms, one of the most 50 million-month-month-old users and more than 2,200 agents with a network of more than 2,200 agents.
Rocket companies known for mortgage and financial services see the deal as one step to adjust the home purchase process.
“Rocket and Redfin share a uniform vision of a better way to buy and sell houses,” said Rocket CEO has Krishna. “Together, we will develop the experience by combining the search and financing process traditionally with leading technology.”
The procurement missile is expected to increase the mortgage increase in redfic users direct access to missile financing products. Rocket is more than $ 200 million and more than $ 200 million, including new income opportunities until 2027.
