DETROIT, Aug. 5, 2020 /PRNewswire/ -- Detroit-based
Rocket Companies, Inc. ("Rocket Companies" or the "Company") today
announced the pricing of its initial public offering of 100,000,000
shares of its Class A common stock at a price of $18.00 per share. Founded by Dan Gilbert, tech-driven Rocket Companies
provides industry-leading real estate, mortgage and financial
services, empowering consumers through entities including Rocket
Homes, Rocket Auto and Rocket Mortgage, the nation's largest
mortgage lender.
The shares are expected to begin trading on the New York Stock
Exchange on August 6, 2020, under the
ticker symbol "RKT," and the offering is expected to close on
August 10, 2020, subject to customary
closing conditions.
Goldman Sachs & Co. LLC, Morgan Stanley, Credit Suisse, J.P.
Morgan and RBC Capital Markets are acting as the lead bookrunners
for the offering. Allen & Company LLC, BofA Securities,
Barclays, Citigroup and UBS Investment Bank are acting as
bookrunners. CastleOak Securities, L.P., Drexel Hamilton, Fifth Third Securities,
Huntington Capital Markets, Loop Capital Markets, Mischler
Financial Group, Inc., Nomura, Ramirez & Co., Inc.,
Siebert Williams Shank and Zelman
Partners LLC are acting as co-managers for the offering.
A registration statement relating to this offering was declared
effective by the Securities and Exchange Commission on August 5, 2020. The offering is being made only
by means of a prospectus, copies of which may be obtained from any
of the following sources:
- Goldman Sachs & Co. LLC, Attention: Prospectus Department,
200 West Street, New York, New
York 10282, telephone: 1-212-902-1171, facsimile:
212-902-9316 or by emailing prospectus-ny@ny.email.gs.com;
- Morgan Stanley & Co. LLC, Attention: Prospectus Department,
180 Varick Street, 2nd Floor, New York,
NY 10014;
- Credit Suisse Securities (USA)
LLC, Attention: Prospectus Department, 6933 Louis Stephens Drive,
Morrisville, North Carolina 27560,
telephone: 1-800-221-1037 or by emailing
usa.prospectus@credit-suisse.com;
- J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood, New
York 11717, telephone: 1-866-803-9204, or by emailing at
prospectus-eq_fi@jpmchase.com;
- RBC Capital Markets LLC, Attention: Equity Syndicate, 200 Vesey
Street, 8th Floor, New York, NY
10281-8098, by telephone at (877) 822-4089 or by email at
equityprospectus@rbccm.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
Forward Looking Statements
This press release includes "forward looking information,"
including with respect to the initial public offering. These
statements are made through the use of words or phrases such as
"will" or "expect" and similar words and expressions of the future.
Forward-looking statements involve known and unknown risks,
uncertainties and assumptions, including the risks outlined under
"Risk Factors" in the preliminary prospectus and elsewhere in the
Company's filings with the SEC, which may cause actual results to
differ materially from any results expressed or implied by any
forward-looking statement. Although the Company believes that the
expectations reflected in its forward-looking statements are
reasonable, it cannot guarantee future results. The Company has no
obligation, and does not undertake any obligation, to update or
revise any forward-looking statement made in this press release to
reflect changes since the date of this press release, except as
required by law.
About Rocket Companies
Rocket Companies is a Detroit-based 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. Since 1985, Rocket Companies has been obsessed with
helping its clients achieve the American dream of home ownership
and financial freedom. Rocket Companies offers an industry-leading
client experience powered by our simple, fast, and trusted digital
solutions. Rocket Companies has 20,000 team members across
the United States. Its flagship
company, Rocket Mortgage, has been named to Fortune
magazine's list of "100 Best Companies to Work For" for 17
consecutive years.
Rocket Companies, Inc.
1050 Woodward
Ave
Detroit, MI
48226
Investor Contact:
IR@RocketCompanies.com
Media Contacts:
Rocket Companies:
Aaron
Emerson
aaronemerson@rockcentraldetroit.com
Aaron Walker
aaronwalker@rockventures.com
Edelman for Rocket Companies:
Rocket@edelman.com
Julia Sahin
(646) 301-2968
Ted McHugh
(201) 341-0211
View original content to download
multimedia:http://www.prnewswire.com/news-releases/rocket-companies-announces-pricing-of-initial-public-offering-301107232.html
SOURCE Rocket Companies