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Vroom eCommerce Sales Platform Raises $254M

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Durable Capital Partners led the round, and T. Vroom said it will use the capital to invest in expanding its workforce, technology, operations and marketing, as well as products. Vroom said it will use the capital to invest in expanding its workforce, technology, operations and marketing, as well as products.

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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. Rocket Companies, the parent of mortgage lending giant Quicken Loans , reduced its terms to go public, Bloomberg reported. Last month, Gilbert sought an IPO for $3.3 which is owned by Gilbert.

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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. 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

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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). In December of last year, Vroom notched $254 million in a Series H funding round led by Durable Capital Partners. Bank of America Corp., Allen & Co.

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Ford Creates New Self-Driving Car Unit; To Invest $4B

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In a press release , the Detroit car maker said the new unit will also be charged with accelerating the autonomous vehicle (AV) business so that Ford can capitalize on market opportunities. Team Edison will continue to report to Jim Farley, executive vice president and president of global markets.

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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. 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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DoorDash Dives Into Grocery Delivery Business

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Chicago, Cincinnati, Milwaukee, Detroit and Indianapolis customers can order from Meijer and Fresh Thyme. A June fundraise put San Francisco-based DoorDash’s market capitalization at about $15 billion , but the company’s rapid growth has come with challenges. The service launched in Atlanta, Chicago and Denver.