RKT News

The IPO market is expected to remain active in the week ahead with nine IPOs scheduled to raise $2.7 billion.  Canadian digital service provider TELUS International (TIXT) plans to raise $800 million at a $6.4 billion market cap. The company provides customer service outsourcing and end-to-end customer experience and digital technology solutions and...read more

AmeriHome, a residential mortgage producer and servicer, postponed its IPO on Thursday. It had filed to raise $250 million by offering 14.7 million shares at a price range of $16 to $18. The Thousand Oaks, CA-based company was founded in 1988 and booked $642 million in sales for the 12 months ended June 30, 2020. It had planned to list on the NYSE under the symbol AHM....read more

IPO Frenzy Drives Busiest Third Quarter Since 2000 The US IPO market had its busiest third quarter by deal count since the Dot-com era, with 81 IPOs raising $28.5 billion. The high volume combined with several large deals resulted in the largest quarter by proceeds in six years. IPOs performance remained strong,...read more

Rocket Companies (NYSE: RKT), a leading mortgage lender operating under the Rocket and Quicken brands, raised $1.8 billion by offering 100 million shares at $18. At pricing, the company commanded a market value of $36.0 billion and qualifies for inclusion in the Renaissance IPO ETF effective Thursday, August 13, 2020. The Renaissance IPO ETF is designed to provide investors...read more