The Rocket Companies, which owns Quicken Loans, has filed for an initial public offering. The company licenses the Quicken name from Intuit. An offering price and the number of shares to be offered have not been determined.The online product marketed by the company is Rocket Mortgage by Quicken Loans.
Rocket reported net income of $892.4 million for the year ended December 31, an increase of 45.7 percent from $612.6 million for 2018. Last year’s revenue was $4.91 billion, up 67.4 percent from slightly less than $3 billion the prior year.
