With 2 new board members, Redfin moves down the IPO road

Seattle-based tech brokerage Redfin looks to be closer to an IPO with the addition of two new board members: Robert J. (Bob) Mylod Jr., managing partner of Annox Capital, and former vice chairman and chief financial officer of Priceline.com; and Selina Tobaccowala, president and chief technology officer at SurveyMonkey.

Redfin announced a $50 million “mezzanine investment” in November led by Tiger Global Management LLC and by portfolios managed by T. Rowe Price Associates Inc. that was viewed as setting the company up for an initial public offering.

The board’s six other members are Glenn Kelman, Redfin CEO; Paul Goodrich, managing director, Madrona Venture Group; Marc Singer, managing partner, Osage University Partners; James Slavet, partner, Greylock Partners; Austin Ligon, co-founder and former CEO, CarMax; and Andy Goldfarb, co-founder and executive managing director, Globespan Capital Partners. Source: businesswire.com.


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