Rocket Trims IPO By 39 Pct From $3.3B To $2B After Investors Reject Valuation
PYMNTS
AUGUST 5, 2020
The Detroit-based company is expected to market a reduced number of shares at about $18 to $20 apiece, Bloomberg reported, citing sources. Rocket describes itself as the largest retail mortgage lender in the U.S. Rocket Companies, the parent of mortgage lending giant Quicken Loans , reduced its terms to go public, Bloomberg reported.
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