article thumbnail

Rocket Cos, Quicken Loans Parent, Files IPO 

PYMNTS

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.

Detroit 135
article thumbnail

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

PYMNTS

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

Cleveland 233
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Rocket Mortgage Parent Plans $3.3B IPO

PYMNTS

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
article thumbnail

VCs Back Autobooks For SMB Banking

PYMNTS

Reports Monday (March 13) said Autobooks secured $5.5 The company cited research from Below Research that found 70 percent of SMBs say they would use a cash flow management solution if it were offered by a bank, representing a gap between what small businesses want and what they get from their banks.

Detroit 122
article thumbnail

How FanFood Brings Mobile Ordering To Sports And Concerts

PYMNTS

Such services are gaining ground at sports venues, too, with teams such as the Detroit Lions rolling out options that help fans skip long lines and avoid missing big plays. The company assigns a manager to oversee operations at each site as well as food runners if the venue’s staff cannot handle delivery. How FanFood works .

Mobile 101
article thumbnail

Stepping Into 21st Century Hospitality With Apartments And Technology

PYMNTS

When it comes to partnerships, the company works with multifamily property management companies. Beyond Frontdesk, Mint House aims to deliver a hotel-like experience that is trusted and secure as well as built on a suite of amenities powered by technology. It has units in cities such as Charlotte, Tampa, Milwaukee and Columbus.

article thumbnail

When IoT And The Automotive Industry Collide

PYMNTS

One of the big wake-ups for me was to see Ford stand on the stage at the Detroit Auto Show about a year ago and announce that it will become a mobility company, which is a complete pivot of the philosophy of business that this 130-year-old stalwart of automotive has been from its inception.”.

Industry 100