Quicken Loans Files for IPO, Will Change Name to Rocket Companies
In a move that confirms market speculation, the largest mortgage lender in the U.S. is preparing to hit the stock exchange. Quicken Loans has filed to launch an initial public offering (IPO). In addition to making its debut on the public markets, the company will also undergo a name change to Rocket Companies. It should trade on the New York Stock Exchange under the ticker symbol RKT.
In its initial IPO prospectus, Quicken Loans did not specify how much funding it aims to raise in the offering. It also did not specify any underwriters for the issue or provide guidance as to timing.
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Source Fool.com
