Real estate software-company Redfin soared by as much as 39% on its first day of trading Friday.
The company had priced its initial public offering of about 9.2 million shares at $US15 apiece. This was above the expected range of $US12 to $US14 per share.
Redfin was worth $US1.73 billion at the end of trading. Goldman Sachs and Allen & Company were the lead book-running managers for the IPO.