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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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MMG's Bodnar: We've Been Watching This Movie All Year Bill Bodnar of the Mortgage Market Guide breaks down the jobs report, why and how it came in above expectations, and what that means just days ahead of the Fed meeting.
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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