![]() ![]() In a recent Securities and Exchange Commission filing, the company said it hopes to raise as much as $3.8 billion by offering 150 million shares to the public at $20 to 22 each. Quicken Loans has filed an IPO prospectus and is working with investment banks such as Morgan Stanley and Goldman Sachs to manage the stock listing. Its business is booming amid record low mortgage rates and high home-buying demand. While the timing might seem risky, the company, which is re-branding itself as “Rocket Companies,” feels confident about testing the market now. Quicken Loans, the largest mortgage lender in the United States, is reportedly planning an IPO as soon as possible this year. Let’s take a closer look at each of these upcoming IPOs. While the exact timing of these debuts remains in flux, the following four companies have each said publicly that they will IPO when market conditions present a favorable opportunity: economy continues to reopen and gathers strength in the second half of the year, investors should keep an eye on four of the largest upcoming IPOs. While volatility persists, there clearly is an appetite for upcoming IPOs.Īs the U.S. That’s well ahead of the S&P 500’s year-to-date loss of 0.7%. IPO market, has posted a positive gain of 31% so far in 2020. The Renaissance IPO ETF (NYSEARCA: IPO), the only exchange-traded fund that exclusively tracks the U.S. WMG stock has performed well since its listing, rising 20% in its first week of trading and holding steady at around $30 per share. The company returned to the public markets after nine years and raised $1.9 billion by selling 77 million shares priced at $25 each. One of the largest debuts this year came from Warner Music Group (NASDAQ: WMG). Some significant IPOs that have taken place since June 1 include Vroom (NASDAQ: VRM) and ZoomInfo Technologies (NASDAQ: ZI). ![]() That said, the IPO market has rebounded in recent weeks. this year, down 7.9% from the same period of 2019. Through July 31, there were 93 IPOs priced in the U.S. So what’s going on? Market volatility continues to weigh on public debuts. However, there are still a few upcoming IPOs worthy of investor attention. Unfortunately the novel coronavirus has forced many companies to cancel or delay their IPOs. Several unicorns - defined as companies valued at more than $1 billion - were planning to list shares on major U.S. This year was supposed to be a big one for initial public offerings. ![]()
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