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Rocket Trims IPO By 39 Pct From $3.3B To $2B After Investors Reject Valuation

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The Detroit-based company is expected to market a reduced number of shares at about $18 to $20 apiece, Bloomberg reported, citing sources. billion and offered 150 million shares for $20 to $22 each, according to a filing with the Securities and Exchange Commission (SEC). Last month, Gilbert sought an IPO for $3.3

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Rocket Cos, Quicken Loans Parent, Files IPO 

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Securities and Exchange Commission, the Detroit-based parent of Quicken Loans and Rocket Mortgage will go public under the name Rocket Companies. Rocket Companies, one of the nation’s largest mortgage lenders and parent of Quicken Loans , filed its initial public offering (IPO) late Tuesday (July 7). In its application with the U.S.

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‘Non-Essential’ Retailers Step Up For Their Employees

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1: In Detroit Bedrock LLC real estate company is giving free rent for the next three months to its small-business retail and restaurant tenants. The company’s portfolio in and around downtown, is said to be expansive and comes as Detroit deals with at least 1,035 infections and nine deaths from COVID-19.

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Vroom Shifts IPO Into High Gear; Looks To Raise $468M

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Securities and Exchange Commission filings cited by the report. In December of last year, Vroom notched $254 million in a Series H funding round led by Durable Capital Partners. The firm has been promoting 18.75 million shares for a range of $18 to $20 a piece, per U.S. L Catterton, T. Rowe Price Associates and others participated.

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Rocket Mortgage Parent Plans $3.3B IPO

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Detroit-based Rocket Companies, which owns the Dan Gilbert -founded company Rocket Mortgage , is seeking an initial public offering (IPO) for $3.3 The company is offering 150 million shares for $20 to $22 each, according to the Tuesday (July 28) filing with the Securities and Exchange Commission (SEC), Bloomberg wrote.

Cleveland 140
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Rocket Cos. Shares Rise 19 Pct On IPO Debut

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the Detroit-based parent of mortgage lending giant Quicken Loans, reduced its bid to go public to $2 billion. billion and offered 150 million shares for $20 to $22 each, seeking to raise about $2 billion, according to a filing with the Securities and Exchange Commission (SEC). On Wednesday (Aug. 5), Rocket Cos.,

Detroit 160
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VCs Back Autobooks For SMB Banking

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Reports Monday (March 13) said Autobooks secured $5.5 The new funding also saw participation from CU Solutions Group, Baird Capital, Detroit Venture Partners and Invest Michigan, the company said, adding that the round follows its self-funded $2 million in seed financing. “We million in Series A financing led by Draper Triangle.

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