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Rocket Companies Priced, NYSE: RKT

Leading mortgage lender operating under the Rocket and Quicken brands.

Industry: Financials

Latest Trade: $20.25 0.00 (0.0%)

First Day Return: +19.5%

Return from IPO: +12.5%

Industry: Financials

We are a Detroit-based company obsessed with helping our clients achieve the American dream of home ownership and financial freedom. We are committed to providing an industry-leading client experience powered by our award-winning culture and innovative technologies. We believe our widely recognized "Rocket" brand is synonymous with providing simple, fast, and trusted digital solutions for complex personal transactions. Since our inception in 1985, we have consistently demonstrated our ability to launch new consumer experiences, scale and automate operations, and extend our proprietary technologies to partners. Our flagship business, Rocket Mortgage, is the industry leader, having provided more than $1 trillion in home loans since inception while growing our market share from 1.3% in 2009 to 9.2% in the first quarter of 2020, a CAGR of 19%. We have also expanded into complementary industries, such as real estate services, personal lending, and auto sales. In each of these gigantic and fragmented markets, we seek to gain share and drive profitable growth by reinventing the client experience.
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IPO News for Rocket Companies
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IPO Data
IPO File Date 07/07/2020
Offer Price $18.00
Price Range $20.00 - $22.00
Offer Shares (mm) 100.0
Deal Size ($mm) $1,800
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 08/05/2020
Offer Price $18.00
Price Range $20.00 - $22.00
Offer Shares (mm) 100.0
Deal Size ($mm) $1,800
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Detroit, MI
Founded 1985
Employees 20,000
Website www.rocketmortgage.com