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The parent company of Quicken Loans, Rocket Companies, said its initial public offering was priced at $18 per share. That’s below a target range of $20 per share to $22 per share. The stock is expected to trade on the New York Stock Exchange on Thursday under the ticker RKT. Dan Gilbert, founder and chairman of Rocket Companies, and Jay Farner, CEO of Rocket Companies, join "Squawk Box" to discuss the company's IPO.

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