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The IPO for the Detroit-based parent of Quicken Loans and Rocket Mortgage raised $1.8 billion, short of an earlier target of $3.3 billion.
With the share offering, Gilbert’s net worth is reportedly around $30 billion.
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Mortgage Industry Adapts to Rising Interest Rates The U.S. mortgage industry is adapting to rising interest rates, transforming lending strategies, and borrower behaviors. This article explores the implications for lenders and borrowers, offering insights into new trends and strategies.
Estimated reading time: 0 minutes, 19 seconds
Dan Gilbert’s Rocket Cos. Blasts Off After Shrunken IPO
Shares in billionaire Dan Gilbert’s Rocket Companies soared as much as 26% in their Wall Street debut, following a downsized initial public offering. So reports Bloomberg.
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