Personal finance firm NerdWallet, Inc. (Nasdaq: NRDS) started publicly trading on the Nasdaq Global Market today. The firm’s initial public offering is looking to raise US$130.5 million.
The offering will be conducted through the issuance of 7.25 million Class A common shares selling at US$18.00 per share.
The company granted the underwriters a 30-day over-allotment option to purchase additional 1.087 million common shares at the same IPO price. Morgan Stanley, KeyBanc Capital Markets, and BofA Securities are all acting as lead bookrunners for the said offering.
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The offering is expected to close on November 8, 2021, subject to customary closing conditions.
The personal finance and website app provides consumers with financial information, ranging from credit cards to investments.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
