Rocket Companies To Start Trading After Pricing Downsized IPO At Low End

The mortgage lender sold 100 million shares at $18 each, raising $1.8 billion. Rocket Companies originally had sought to sell 150 million shares at $20-$22 a share, seeking to raise $3 billion or more that. But earlier on Wednesday, Rocket downsized its IPO offering, with a new range of $18-$20.