Quicken Loans, the largest mortgage lender in the US, has reportedly filed confidentially for an IPO

Rebecca Cook/Reuters

• Quicken Loans, the largest provider of mortgage loans in the US, is planning to go public, CNBC reported Thursday.
• The company filed its IPO prospectus confidentially but may look to make it public as early as July, according to CNBC.
• The valuation is still being determined but is estimated to be in the tens of billions, sources told CNBC.
• Low interest rates on mortgages during the pandemic have sent Americans rushing back to the housing market, a boon for lenders like Quicken.
• Visit Business Insider's homepage for more stories.

Home mortgage lender Quicken Loans is planning an initial public offering, CNBC reported on Thursday.

Quicken, which is the largest residential mortgage provider in the US by volume, filed its IPO prospectus confidentially but could make the filings public as early as next month, according to CNBC.

See the rest of the story at Business Insider

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