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Rocket Mortgage Demo Day Awards Over $1M To Detroit Entrepreneurs; People's Choice Voting Underway
Tuesday, October 20, 2020 - 9:01am | 733Detroit-based Rocket Companies (NYSE: RKT) announced the winners of its fourth annual entrepreneurship competition — Detroit Demo Day — in partnership with Crain's Detroit Business on Tuesday. Paralee Boyd, a streamlined salon, is the competition’s overall...
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Rocket Companies Shares Surge On Realtor.com Partnership, Strong Housing Data
Thursday, October 1, 2020 - 11:18am | 372Rocket Companies Inc (NYSE: RKT) shares traded higher by 7.6% on Thursday after the company inked a new deal with popular real estate listings platform Realtor.com. What Happened? Homebuyers shopping on Realtor.com will now see advertising from Rocket Mortgage for pre-approved mortgages. The ads...
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Rocket Companies First Quarterly Earnings Report Shows Closed Loan Volume Up 126% At $72B
Wednesday, September 2, 2020 - 4:57pm | 551Rocket Companies Inc. (NYSE: RKT) reported Wednesday afternoon its first quarterly earnings since going public at $18 a share in August. What Happened: Rocket Companies reported second-quarter revenue of $5.04 billion, an increase of 437% year over year. This figure was also 268% higher than...
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Analyst Says Rocket Companies' $18 IPO Price Is Fair For Now
Thursday, August 13, 2020 - 12:36pm | 451Rocket Companies Inc (NYSE: RKT) shares initially spiked from the $18 IPO price to as high as $26.86 last week, but the stock has since come back down to within $1 of that IPO price. One analyst said Thursday the stock is now back where it belongs. The Rocket Analyst: Susquehanna analyst Jack...
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Experts React To Rocket Companies' Liftoff After IPO Fundraising Misses Target
Friday, August 7, 2020 - 3:46pm | 561Rocket Companies, Inc. (NYSE: RKT) shares were trading higher on their second day of trading and are now up about 30% from their $18 IPO price. The huge initial open market demand comes as a relief for investors concerned that the IPO itself priced below the company’s target...
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PreMarket Prep Stock Of The Day: Rocket Companies
Friday, August 7, 2020 - 12:31pm | 824Benzinga's PreMarket Prep airs every morning from 8-9 a.m. ET. During that fast-paced, highly informative hour, traders and investors tune in to get the major news of the day, the catalysts behind those moves and the corresponding price action for the upcoming session. On any given...
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50,000 Robinhood Traders Add Rocket Companies On IPO Debut
Thursday, August 6, 2020 - 5:52pm | 292Rocket Companies Inc (NYSE: RKT) may have priced its IPO under initial expectations, but the stock was a big hit with day traders. The parent company of Quicken Loans, the nation's largest home mortgage lender, took off Thursday to close the session up 19.5% at $21.51 per share. Rocket...
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Dan Gilbert, Jay Farner On Rocket Companies IPO: 'Great Starting Point'
Thursday, August 6, 2020 - 3:13pm | 723Detroit-based Rocket Companies Inc (NYSE: RKT), the parent company of mortgage lender Quicken Loans, made its debut as a public company Thursday. Founder Dan Gilbert and CEO Jay Farner were interviewed on CNBC about the listing and the broader mortgage market. Gilbert On IPO Timing:...
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Fintech Focus For August 6, 2020
Thursday, August 6, 2020 - 10:37am | 1812Daily Perspective: I have no special talent. I am only passionately curious. - Albert Einstein Fintech Movers: PayPal executives said society has reached an "inflection point" when it comes to the "death of cash," and noted that 70% of consumers now fear for their health when...
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Rocket Companies Prices IPO At $18 Per Share: Here's Why It Marks A Paradigm Shift In Financial Services
Wednesday, August 5, 2020 - 6:10pm | 761On Wednesday evening, Detroit-based Rocket Companies (NYSE: RKT), home to Quicken Loans, the nation's largest retail mortgage lender, priced its 100-million share IPO offering at $18 per share. This would value the company at about $36 billion. The stock is expected to make its NYSE debut on...
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Fintech Focus For July 9, 2020
Thursday, July 9, 2020 - 10:15am | 2011Daily Perspective: We are now better at living with the virus. - Deutsche Bank Fintech Movers: The bro influencers of TikTok, released into the wild with sick iPhone hacks and dropshipping tips but a few years ago, have matured from pups to the Wolves of Social Media. Now they’re harnessing...
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Quicken Loans Files For New York Stock Exchange IPO As Rocket Companies
Tuesday, July 7, 2020 - 6:07pm | 234Detroit-based mortgage giant Quicken Loans is aiming to take Rocket Mortgage and connected businesses public under the name Rocket Companies, Inc. on the New York Stock Exchange, according to an S-1 filing made Tuesday with the Securities and Exchange Commission. Rocket Companies is seeking to list...
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Quicken Loans Plans To IPO: Report
Thursday, June 11, 2020 - 5:12pm | 362The country's largest mortgage lender is planning to enter the public market. What To Know: Detroit-based Quicken Loans is planning an initial public offering, people familiar with the matter told CNBC's Leslie Picker. The company has filed its IPO prospectus confidentially "and...
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Forbes, Rocket Mortgage By Quicken Loans Launch 'Under 30 Detroit Hackathon': 'Regroup, Reset And Reimagine'
Wednesday, June 3, 2020 - 6:10pm | 580Forbes and Rocket Mortgage by Quicken Loans are partnering to develop solutions to challenges worsened by the coronavirus pandemic, the companies announced Wednesday. The "Under 30 Detroit Hackathon: Accelerating Change” event aims to bring together the brightest entrepreneurs...
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Rocket Mortgage Classic 'Changing The Course' To End Detroit's Digital Divide
Thursday, May 21, 2020 - 5:08pm | 575The Rocket Mortgage Classic, the first PGA Tour event held in the city of Detroit, in partnership with its sponsor Rocket Mortgage, unveiled “Changing the Course” this week — a multiyear campaign to bring access to the internet, technology and digital literacy to...