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.

Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
Last modified on Monday, 13 July 2020
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