Just in.... Rocket shooting for $3.8 Billion IPO @$22/share
Rocket Companies Inc., the Detroit-based mortgage company founded by billionaire Dan Gilbert, plans to net almost $3.8 billion in its pending initial public offering.
"While no date has been set for the IPO, an updated regulatory filing Tuesday morning outlines a proposed offering price of $22 a share, selling 172.5 million shares for a total IPO value of $3.795 billion.
"A spokesperson for the company had no immediate comment Tuesday morning, but stressed that the price per share remains in flux, noting that it could land somewhere in between $20 and $22."
https://www.crainsdetroit.com/news/r...ing-news-alert