The Quicken IPO, Explained

Today's episode dives into Dan Gilbert's Quicken Loans - or Rocket Companies, as they're going to be called moving forward - filing for an initial public offering on the New York Stock Exchange.

Our guest expert is Erik Gordon, a professor at the University of Michigan's Ross School of Business. He helps unpack what's happening now and what's next.

It's not often that happens in Metro Detroit, so we wanted to dive in with an expert to understand the ramification for both the company and Detroit. And then we'll share a couple of our thoughts.