Rocket Companies, a financial technology company consisting of mortgage, real estate, and personal finance businesses, announced its acquisition of proptech Redfin in a $1.75 billion all-stock deal, aiming to integrate Redfin’s real estate platform with its mortgage lending services. Founded in 2004, Redfin operates a home search platform with more than 1 million for-sale and rental listings and a tech-powered brokerage of more than 2,200 agents. The offer represents a 115% premium on Redfin’s stock price, causing Redfin shares to surge 80% while Rocket’s declined by 8%. The deal, expected to close in Q2 or Q3 2025, is projected to generate over $200 million in synergies by 2027, with Redfin’s CEO Glenn Kelman continuing to lead the business.

Rocket Companies to Acquire Real Estate Firm Redfin in $1.75 Billion Deal