Rocket Trims IPO By 39 Pct From $3.3B To $2B After Investors Reject Valuation
PYMNTS
AUGUST 5, 2020
Rocket Companies, the parent of mortgage lending giant Quicken Loans , reduced its terms to go public, Bloomberg reported. Rocket describes itself as the largest retail mortgage lender in the U.S. The company, founded by billionaire Dan Gilbert, is seeking to raise about $2 billion in an initial public offering (IPO).
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