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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. 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 

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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. 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.

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

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Securities and Exchange Commission filings cited by the report. In December of last year, Vroom notched $254 million in a Series H funding round led by Durable Capital Partners. The firm has been promoting 18.75 million shares for a range of $18 to $20 a piece, per U.S. L Catterton, T. Rowe Price Associates and others participated.

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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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SaaS Lands Biggest B2B FinTech Funding This Week

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million in venture capital — the most the industry has seen in a while. Companies across the enterprise security, SME banking and even workplace communication (think WhatsApp for the enterprise) sectors all landed funding, but nearly 80 percent of the funding went to a single company in the software-as-a-service (SaaS) arena.

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VC Seems To Fizzle Out For B2B FinTechs

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Check out the startups that secured funding rounds this week below. Since its launch, the firm added working capital analytics and other tools for its corporate finance clients. Just months after its official launch, Quilam Capital, which provides debt and equity to FinTechs, announced its third investment. Treasury Management.

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VCs Back Autobooks For SMB Banking

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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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