附近上门

Morning Report:听Welcome back to IPO watch. It鈥檚 go time for Redfin.

Tomorrow, Redfin will start publicly trading on the Nasdaq, according to the听

The Seattle-based firm is currently tipped to price between $12 and $14 per share. Redfin鈥檚 debut will mark the first notable, US-listed technology IPO since听Tintri听and听Blue Apron听both debuted at down-valuations. Blue Apron has since fallen by more than 20 percent since. Tintri is roughly flat.

Redfin, therefore, is going public into choppier waters than some of the preceding 2017 cohort. What impact prior IPO disappointments will have on its performance remains to be seen.

A Redfin Refresh

While private, Redfin听. The firm brought in more than a quarter billion in revenue last year, posting a negative operating margin (on a GAAP basis, meaning inclusive of all costs) of less than 10 percent.

(For a deeper dive into the company鈥檚 numbers,听head here; we鈥檒l spare you the full number-run this morning.)

Redfin鈥檚 IPO is notable for its seasonally-variable听revenue and potential valuation. According听, the firm will target a billion-dollar-plus valuation in its IPO, making it a (potentially) impending public unicorn.

But what matters most for these pages is the chance for a win. That is, if Redfin does well in its debut, other firms could be coaxed off the bench. At that point, we鈥檇 have so many more IPOs to write about.

And that would not be burdensome.

From the听:

WeWork secures $500M for China growth

• , the co-working giant,听听that it has raised $500 million from SoftBank and Hony Capital to fuel its growth in China. To carry out that plan, the company created a new business entity called WeWork China.

Slack raising $250M at $5B valuation

• Slack, the popular messaging platform for group work, is raising $250 million at a $5 billion valuation, according to media reports. Backers for the round include Accel, SoftBank, and other existing investors.

HR analytics gains traction

• Venture investors are increasingly putting their money to work in workplace analytics. A听附近上门 News analysis听finds that startups in the space have been scaling up and rolling out new offerings aimed at helping HR departments quantify decisions around recruiting, hiring, and maintaining policy in the workplace. ((For more stories, follow听听on Twitter and check us out on听.)