Fintech

NerdWallet Drops S-1, rumored to be valued at $5B

NerdWallet has dropped an S-1, all but solidifying that it will go public barring any last minute surprises. 

The SF-based company, which produces financial management content that funnels users to its spend management products, “had revenue of $181.6 million. In the six month period ended June 30, 2020, the company said it had revenue of $137.3 million,” according to MarketWatch

It will be trading under the ticker symbol “NRDS,” and according to sources who spoke to Yahoo! Finance, NerdWallet is seeking a $5 billion valuation. Its last known valuation as a private company was $505 million as part of its $5 million Series A announced in 2015 (eons in startup time).

Unlike most fintech companies going public, NerdWallet may be trickier for investors to grok. It is, in many ways, not so different from any other media company that kicks out content. It’s incredibly reliant on Google to succeed. So reliant, in fact, NerdWallet points it out in its “Risk Factors Summary” of the S-1.

We’ll have a deeper analysis on NerdWallet’s S-1 on Monday. For now, take a look for yourself and send questions you want us to answer to hpage@finledger.com.

Latest Articles

2022 HousingWire TECH100 Real Estate Honorees HW+
Mar 11, 2022 By

This year’s list of TECH100 Real Estate honorees represent a huge shift in the direction that the real estate industry is heading in. Though real estate may have fallen behind in technological advances compared to other industries in the past, all of that is changing, and this year’s list of Tech100 winners embody that shift. […]

Content from our partners

Log In

Forgot Password?

Don't have an account? Please

Register

Forgot Password

Please enter your registered email address below to receive a password reset link.

Check Your Email

A password reset email has been sent to the email address on file for your account, but may take several minutes to show up in your inbox. Please wait at least 10 minutes before attempting another reset.

Welcome to FinAssist

Go to your inbox and open 'Welcome to FinAssist, your company discovery platform' to get started. You may also skip your inbox and 'Start tutorial'.