NerdWallet
| General Information | |
| Business: |
At NerdWallet, we empower consumers — both individual consumers and SMBs — to make smarter financial decisions with confidence via our digital platform. (SMBs are small and mid-sized businesses.)
We deliver guidance to consumers through educational content, tools and calculators, product marketplaces and the NerdWallet app. Our platform delivers unique value across many financial products, including credit cards, mortgages, insurance, SMB products, personal loans, banking, investing and student loans. NerdWallet has grown to include the UK and Canada.
Our trusted platform aligns the interests of consumers seeking financial products with the financial services providers that offer these products. We do this by combining our house views with machine learning to help consumers find the right financial product for their needs. A successful initial experience often leads to follow-up activity on our platform and we believe it also leads to higher customer lifetime value for our financial services partners. This alignment of interests, enabled by our unbiased and trusted guidance, benefits consumers, the financial services partners and NerdWallet.
(Note: NerdWallet priced its IPO on Nov. 3, 2021, at $18 – the mid-point of its $17-to-$19 price range – on 7.25 million shares, the same number of shares in the prospectus, to raise $130.5 million.)
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| Industry: | Information Retrieval Services |
| Employees: | 675 |
| Founded: | 2009 |
| Contact Information | |
| Address | 875 Stevenson St., 5th Floor, San Francisco, CA 94103, US |
| Phone Number | (415) 549-8913 |
| Web Address | https://www.nerdwallet.com/ |
| View Prospectus: | NerdWallet |
| Financial Information | |
| Market Cap | $1185.03mil |
| Revenues | $336.8 mil (last 12 months) |
| Net Income | $-38.0 mil (last 12 months) |
| IPO Profile | |
| Symbol | NRDS |
| Exchange | NASDAQ |
| Shares (millions): | 7.3 |
| Price range | $18.00 - $18.00 |
| Est. $ Volume | $130.5 mil |
| Manager / Joint Managers | Morgan Stanley/ KeyBanc Capital Markets/ BofA Securities/ Barclays / Citigroup |
| CO-Managers | Truist Securities/ William Blair/ Oppenheimer & Co. |
| Expected To Trade: | 11/4/2021 |
| Status: | Priced |
| Quiet Period Expiration Date: | Available only to Subscribers |
| Lock-Up Period Expiration Date: | Available only to Subscribers |
| SCOOP Rating | Available only to Subscribers |
| Rating Change | Available only to Subscribers |