Rocket Cos. Shares Rise 19 Pct On IPO Debut
PYMNTS
AUGUST 7, 2020
the Detroit-based parent of mortgage lending giant Quicken Loans, reduced its bid to go public to $2 billion. You’re seeing a low-rate environment in conjunction with decreased (mortgage) applications,” Michael Underhill, chief investment officer for Capital Innovations, the Wisconsin-based firm that invests in IPOs, told Reuters. “So,
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