Deals
Quicken Loans Parent Rocket Aims to Raise $3.3 Billion in IPO
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Rocket Companies Inc., the parent of the mortgage giant founded by billionaire Dan Gilbert, is seeking to raise as much as $3.3 billion in a U.S. initial public offering.
The Detroit-based company, which owns Rocket Mortgage and Quicken Loans, is offering 150 million shares for $20 to $22 each, according to a filing Tuesday with the U.S. Securities and Exchange Commission. The IPO is expected to price on August 5, terms of the deal reviewed by Bloomberg show.