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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

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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. Historically, our originations have been more heavily refinancings than the overall origination market,” the filing said. In its application with the U.S.

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

PYMNTS

One of the sources in the report said that the company’s shares are forecasted to commence trading on the Nasdaq Global Select Market under the VRM ticker symbol on Tuesday (June 9). Securities and Exchange Commission filings cited by the report. The firm has been promoting 18.75

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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.,

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Growing a mortgage portfolio: Encourage borrowers to bank local

Abrigo

Detroit, Michigan – Flagstar Bank ($4.65 Flagstar Bank, headquartered in Troy, Michigan, just outside of Detroit, offered the largest volume of mortgage loans of the community banks identified, with more than four and a half billion dollars in mortgages. • Dallas, Texas – PlainsCapital Bank ($1.89

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VCs Back Autobooks For SMB Banking

PYMNTS

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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Stepping Into 21st Century Hospitality With Apartments And Technology

PYMNTS

Some entrepreneurs are inspired to start companies because they spot unmet needs in the market: Frontdesk Co-Founder and Chief Growth Officer Jesse DePinto, for instance, saw the amateur nature of home shares but the opportunity for something better than a hotel. The Market.