Rocket Companies

General Information

We are a Detroit-based company obsessed with helping our clients achieve the American dream of home ownership and financial freedom. We are committed to providing an industry-leading client experience powered by our award-winning culture and innovative technologies. We believe our widely recognized “Rocket” brand is synonymous with providing simple, fast, and trusted digital solutions for complex personal transactions.

Since our inception in 1985, we have consistently demonstrated our ability to launch new consumer experiences, scale and automate operations, and extend our proprietary technologies to partners. Our flagship business, Rocket Mortgage, is the industry leader, having provided more than $1 trillion in home loans since inception while growing our market share from 1.3% in 2009 to 9.2% in the first quarter of 2020, a CAGR of 19%. We have also expanded into complementary industries, such as real estate services, personal lending, and auto sales. In each of these gigantic and fragmented markets, we seek to gain share and drive profitable growth by reinventing the client experience.

Employees: 20000
Founded: 1985
Contact Information
Address 1050 Woodward Avenue, Detroit, MI 48226, US
Phone Number (313) 373-7990
Web Address
View Prospectus: Rocket Companies
Financial Information
Market Cap $35705.7mil
Revenues $5855.0 mil (last 12 months)
Net Income $1290.5 mil (last 12 months)
IPO Profile
Symbol RKT
Exchange NYSE
Shares (millions): 100.0
Price range $18.00 - $18.00
Est. $ Volume $1800.0 mil
Manager / Joint Managers Goldman Sachs/ Morgan Stanley/ Credit Suisse/ J.P. Morgan/ RBC Capital Markets/ Allen & Co./ BofA Securities/ Barclays/ Citigroup/ UBS Investment Bank
CO-Managers CastleOak Securities/ Drexel Hamilton/ Fifth Third Securities/ Huntington Capital Markets/ Loop Capital Markets/ Mischler Financial Group, Inc./ Nomura / Ramirez & Co./ Siebert Williams Shank/ Zelman Partners
Expected To Trade: 8/6/2020
Status: Priced
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SCOOP Rating
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