Key Points

Quick Stats

  • Shares Outstanding 150.32M
  • Market Cap $39.48B
  • 19% Compounded annual growth rate
  • 1% 2009 to 9% 2020 Market Share
  • Initial IPO 150M shares in a range between $20 and $22 per share
  • Final IPO 100M shares $18 per share
    • Gross proceeds of $1.8 billion in the offering.

Comps

https://finviz.com/screener.ashx?v=111&f=ind_mortgagefinance

Higher Flyer Possibilities

Can we something like BYND's IPO? I'd be less convinced as the margins and "disruptive" like business model is less than something as BYND where it's easier to dream of never before seen numbers. Then again Fear & Greed drive the market and the solid pace RKT has aquired more Markets Share could give way to a temp blow off-top kind of move.

Sources

https://www.marketwatch.com/investing/stock/rkt

https://seekingalpha.com/article/4365608-rocket-companies-business-is-rocket-shares-not

https://www.forbes.com/sites/giacomotognini/2020/08/06/quicken-loans-ipo-boosts-billionaire-dan-gilberts-fortune-by-more-than-33-billion/#1cc6018522d5

Video

https://youtu.be/SaHwBARjEvI