NerdWallet, Inc (NRDS) Prices 7.25M Share IPO at $18/sh

NerdWallet, Inc. (NASDAQ: NRDS) announced today the pricing of its initial public offering of 7,250,000 shares of its Class A common stock at a price to the public of $18 per share. In addition, NerdWallet has granted the underwriters an option to purchase up to an additional 1,087,500 shares of its Class A common stock. The shares are expected to begin trading on The Nasdaq Global Market on November 4, 2021 under the ticker symbol "NRDS." The offering is expected to close on November 8, 2021, subject to the satisfaction of customary closing conditions.

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.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on November 3, 2021. The offering is being made only by means of a prospectus. A copy of the final prospectus may be obtained, when available, from: Morgan Stanley, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014; KeyBanc Capital Markets, Attention: Prospectus Delivery Department, 127 Public Square, 4th Floor, Cleveland, Ohio 44114, or by telephone at (800) 859-1783; and BofA Securities, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, Attention: Prospectus Department, or by email at [email protected].

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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