NerdWallet, Inc (NRDS) IPO Gains Steam After Strong Open

Today's IPO for NerdWallet, Inc (NASDAQ: NRDS) is trading at $30.17 after opening earlier at $23.50. The company 7,250,000 shares of its Class A common stock at a price to the public of $18 per share, the middle of the expected range.

Morgan Stanley, KeyBanc Capital Markets and BofA Securities are acting as lead book-running managers for the proposed offering. Barclays and Citigroup are acting as joint book-running managers, and Truist Securities, William Blair and Oppenheimer & Co. are acting as passive book-running managers for the proposed offering.

NetdWallet revenue increased to $280.1 million for the nine months ended September 30, 2021 compared to $188.6 million for the nine months ended September 30, 2020.

NerdWallet (Nasdaq: NRDS) is on a mission to provide clarity for all of life's financial decisions. As a personal finance website and app, NerdWallet provides consumers with trustworthy and knowledgeable financial information so they can make smart money moves. From finding the best credit card to buying a house, NerdWallet is there to help consumers make financial decisions with confidence. Consumers have free access to our expert content and comparison shopping marketplaces, plus a data-driven app, which helps them stay on top of their finances and save time and money, giving them the freedom to do more. NerdWallet is available for consumers in the US, UK and Canada.

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