Quote Originally Posted by Gistok View Post
Since he owns Quicken Loans without partners [[I believe?)... "10's of billions" that he would get in an IPO would by far make him the richest billionaire in Michigan. Right now the Meijer's are the richest at $7 billion, and Gilbert and the Ilitches are almost tied at $6 billion for 2nd/3rd spot.

He could still maintain majority ownership and be worth tens of billions.

If he still wants to put all his "eggs" in the Detroit basket... it could be mind boggling the amount of additional investing he could do here.
Mixed feelings. I hope the IPO would not include Bedrock [[Quicken only). Anytime a business goes public, the business becomes beholden to quicker profits as demanded by the shareholders. Thus some of Gilbert’s long term strategies become more difficult under a publicly traded setup, as the investors may not share the same patience. And Detroit needs more of that long term patience and vision.