Rocket Mortgage’s parent company – Rocket Companies, Inc. – on Tuesday announced details about its proposed IPO, including the filing of documentation with the Securities and Exchange Commission to offer 150 million shares of common stock to the public.
The initial public offering price is expected to be between $20 and $22 per share. Rocket Companies has applied to list its Class A common stock on the New York Stock Exchange under the ticker symbol “RKT.”
Detroit-based Rocket Companies is a holding company with 20,000 employees in the United States consisting of personal finance and consumer service brands including Rocket Mortgage, Rocket Homes, Rocket Loans, Rocket Auto, Rock Central, Amrock, Core Digital Media, Rock Connections, Lendesk and Edison Financial.
Rocket Mortgage is the nation’s largest mortgage lender.
See the full announcement here.