The country’s largest mortgage lender has confidentially filed for an IPO, according to the story.
The hoped-for valuation hasn’t been decided, but expect something in the tens-of-billions of dollars.
CEO Jay Farner in April said March was the biggest closing month in
company history, with nearly $21B in mortgages closed. He estimated
nearly $75B in mortgage applications in Q2 vs. $53B taken in Q1.
Underwriters: Morgan Stanley, Goldman Sachs, Credit Suisse, JPMorgan.
https://seekingalpha.com/news/3582476-quicken-loans-files-for-ipo-cnbc
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