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Dan Gilbert Donates $30M To Cranbrook Art Academy For Diversity Initiative
Tuesday, April 6, 2021 - 3:04pm | 460Billionaire Dan Gilbert — the co-founder of Quicken Loans and chairman of Rocket Companies Inc (NYSE: RKT) — and his wife Jennifer are donating $30 million to the Cranbrook Academy of Art, a private school in the Detroit suburb of Bloomfield Hills. What Happened: Less...
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Fintech Focus For March 29, 2021
Sunday, March 28, 2021 - 7:49pm | 2098Quote To Start The Day: When something is important enough, you do it even if the odds are not in your favor. Source: Elon Musk One Big Thing In Fintech: Bitcoin, among other cryptocurrencies, lacks a utility component. That’s according to Natalia Shirshova, CMO and co-founder at Reinno, a...
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Fintech Focus Roundup For March 27, 2021
Saturday, March 27, 2021 - 8:23am | 1166Dan Gilbert-Backed Social Media App Plain Sight Launches Republic Crowdfunding Campaign Plain Sight, a social media app geared toward in-person networking, has launched a funding campaign on Republic, a robust system for private investing in pre-seed to pre-IPO companies. Benzinga chatted with...
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Dan Gilbert-Backed Social Media App Plain Sight Launches Republic Crowdfunding Campaign
Friday, March 26, 2021 - 5:53pm | 1128Plain Sight, a social media app geared toward in-person networking, has launched a funding campaign on Republic, a robust system for private investing in pre-seed to pre-IPO companies. Benzinga chatted with Plain Sight CEO and founder James Chapman about the development. About:...
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How Dan Gilbert Became A $50B Man
Friday, March 26, 2021 - 8:00am | 544Detroit billionaire Dan Gilbert is investing $500 million over the next 10 years in revitalizing Detroit's neighborhoods. With a net worth of roughly $47 billion, Gilbert is one of the 30 wealthiest people in the world, according to Forbes. Investors and sports fans likely know Gilbert as...
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A Glimpse At How Dan Gilbert And Quicken Loans Helped Revitalize Detroit
Thursday, March 25, 2021 - 4:55pm | 727Dan Gilbert's plans to help support the economic recovery of the city of Detroit continued Thursday with the announcement of a $500 million investment to help revitalize city neighborhoods over the next 10 years. What Happened: Gilbert, who owns the NBA’s Cleveland Cavaliers and is...
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Rocket Companies Chairman Dan Gilbert Commits $500M To Detroit Neighborhoods, Starts With Property Tax Debt Relief
Thursday, March 25, 2021 - 9:21am | 917Detroit native Dan Gilbert is giving back in a major way. Gilbert, the Rocket Companies (NYSE: RKT) chairman and owner of the NBA's Cleveland Cavaliers, will be investing $500 million over the next decade to help revitalize Detroit neighborhoods. The effort is starting with a $15-million...
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Rocket Companies Short Squeeze Gives $25B Single-Day Boost To Dan Gilbert's Wealth
Wednesday, March 3, 2021 - 6:28am | 405Rocket Companies Inc (NYSE: RKT) founder Dan Gilbert’s wealth got a $25 billion booster on Tuesday as the holding company gets the attention of retail investors on Reddit’s r/WallStreetBets, according to Bloomberg Billionaire’s Index. What Happened: Gilbert, Age 59, has moved up...
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Rocket Companies CEO: 'This Is Not A Stock You Want To Be Short'
Friday, January 29, 2021 - 1:46pm | 362Shares of Detroit-based online mortgage and financial services company Rocket Companies Inc (NYSE: RKT) were trading higher by more than 10% Friday morning on no news. Following the gain, CEO Jay Farner had a word of caution for short sellers: be careful. What Happened: Rocket Companies, fresh...
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Rocket Mortgage Q3 Earnings Echo Commitment To Innovation, Democratization Of Homeownership
Wednesday, November 11, 2020 - 8:32am | 391Detroit-based Rocket Companies Inc (NYSE: RKT), home to Rocket Mortgage and Quicken Loans, the largest retail mortgage lender, reported a third-quarter earnings beat after Tuesday’s close. What Happened: In its second earnings release since going public, Rocket reported adjusted revenue of $4...
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Fintech Focus Roundup For September 26, 2020
Friday, September 25, 2020 - 6:09pm | 2006United Wholesale Mortgage CEO Talks IPO Plans What's Happened: On the heels of a record year, Pontiac, Michigan-based United Wholesale Mortgage announced this week it will merge with special purpose acquisition company Gores Holdings IV Inc in a deal that would value the firm at $16.1 billion...
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Fintech Focus For August 7, 2020
Sunday, August 9, 2020 - 9:06pm | 1713Daily Perspective: Well done is better than well said. - B. Franklin Fintech Movers: Google for Startups in Brazil recently announced the latest group of companies accepted into its triannual accelerator program. Among the 10 selected enterprises, the majority are B2B companies. - Contxto...
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Dan Gilbert, Jay Farner On Rocket Companies IPO: 'Great Starting Point'
Thursday, August 6, 2020 - 3:13pm | 723Detroit-based Rocket Companies Inc (NYSE: RKT), the parent company of mortgage lender Quicken Loans, made its debut as a public company Thursday. Founder Dan Gilbert and CEO Jay Farner were interviewed on CNBC about the listing and the broader mortgage market. Gilbert On IPO Timing:...
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Rocket Companies Prices IPO At $18 Per Share: Here's Why It Marks A Paradigm Shift In Financial Services
Wednesday, August 5, 2020 - 6:10pm | 761On Wednesday evening, Detroit-based Rocket Companies (NYSE: RKT), home to Quicken Loans, the nation's largest retail mortgage lender, priced its 100-million share IPO offering at $18 per share. This would value the company at about $36 billion. The stock is expected to make its NYSE debut on...
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Rocket Companies Targets $3.8B IPO As Roadshow Kicks Off
Tuesday, July 28, 2020 - 11:59am | 526Detroit-based mortgage giant Rocket Companies Inc. (NYSE: RKT) filed new documents Tuesday, updating investors on its IPO plans as it sets out on its sales pitch roadshow. What Happened? On Tuesday, Rocket said it plans to raise as much as $3.8 billion by selling 150 million IPO shares at...