What will be Rocket Companies' end-of-day market capitalization on the day of its initial public offering (IPO)?
On 11 June 2020, CNBC reported that mortgage lender Quicken Loans had confidentially filed with the Securities and Exchange Commission for an eventual IPO (CNBC, The Street). The IPO for the company, being rebranded as Rocket Companies, is expected in early August (Barron's). The outcome will be determined by the end-of-day Market Capitalization figure reported by Bloomberg.
The question closed "Between $35 billion and $45 billion, inclusive" with a closing date of 6 August.
|Possible Answer||Correct?||Final Crowd Forecast|
|Less than $35 billion||1%|
|Between $35 billion and $45 billion, inclusive||97%|
|More than $45 billion but less than $55 billion||2%|
|$55 billion or more||0%|
|Quicken Loans will not have an IPO before 31 October 2020||0%|