Rocket Companies Stock Up 19.5% On Opening Day

On its opening day of trading, Rocket Companies’ stock was up 19.5 percent Thursday – from $18 to $21.51 at the closing bell.

Detroit-based Rocket Companies is trading under the ticker symbol RKT on the New York Stock Exchange. It climbed to $23.25 in after-hours trading.

“Rocket Companies has a proven record of innovation that drives industry disruption and delivers an unmatched customer experience, and we’re excited to continue that legacy now as a public company,” CEO Jay Farner said.  “We see tremendous runway to drive long-term profitable growth by increasing market share in the massive and fragmented mortgage industry and leveraging our technology platform to unlock opportunities in our ecosystem. We invest for the long-term and place enormous value on supporting our team members, clients and hometowns.”

Rocket Companies is a holding company 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.