NerdWallet Announces Pricing of Initial Public Offering
NerdWallet priced its initial public offering (IPO) at $18 per share, offering 7,250,000 shares of Class A common stock. Additionally, underwriters have the option to purchase 1,087,500 more shares. Trading begins on November 4, 2021 on Nasdaq under the ticker symbol NRDS, with closure expected by November 8, 2021, pending customary conditions. Major financial institutions like Morgan Stanley and BofA Securities are leading the offering.
- Initial public offering priced at $18, allowing for potential capital raise.
- Option for underwriters to purchase an additional 1,087,500 shares could enhance liquidity.
- None.
NEW YORK, Nov. 3, 2021 /PRNewswire/ -- NerdWallet, Inc. ("NerdWallet") 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
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 dg.prospectus_requests@bofa.com.
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.
About NerdWallet
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.
"NerdWallet" is a trademark of NerdWallet, Inc. All rights reserved. Other names and trademarks used herein may be trademarks of their respective owners.
Contacts
press@nerdwallet.com
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SOURCE NerdWallet
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