Top U.S. Home Mortgage Lender Quicken Loans Files for IPO (1)

Rocket Companies Inc., the parent company of the mortgage giant founded by billionaire Dan Gilbert, filed for an initial public offering, disclosing an annual profit for the past three years.

The Detroit-based company, which owns Rocket Mortgage and Quicken Loans, listed the size of the offering in its filing as $100 million, a placeholder amount that will likely change. Rocket Companies describes itself as the largest retail mortgage lender in the U.S., and Gilbert has a net worth of $7.1 billion, according to the Bloomberg Billionaires Index.

The U.S. IPO market has bounced back after a ...