Deals 08/06/2020

Loop Capital Markets participates as co-manager on the $1.8 billion initial public offering of Rocket Companies Inc.

On August 6, 2020, Rocket Companies raised $1.8 billion in an initial public offering by issuing 100 million shares at an offering price of $18.00.  Loop Capital Markets served as a co-manager on the deal.

Rocket Companies intends to use the entire aggregate amount of the net proceeds from this offering to acquire a number of RKT Holdings units and corresponding shares of Class D common stock from its principal stockholder, Rock Holdings Inc.