NerdWallet filed for an initial public offering, revealing revenue that grew 32.3% year-over-year in the first half of 2021, reaching $181.6 million.
The company has not released a target range for its share price, but it is seeking a $5 billion valuation, according to reports. NerdWallet was valued at $669 million in 2015 and has raised an estimated $159.8 million from private investors, according to PitchBook data.
Credit Karma, a close competitor to NerdWallet, was acquired by Intuit in a $7.1 billion cash and stock deal in 2020, which was about 7.3 times its 2019 revenue.
See the whole article NerdWallet S-1 breakdown: Revenues grow alongside marketing dollars on Pitchbook here: https://pitchbook.com/news/articles/nerdwallet-s1-ipo-filing-breakdown via @PitchBookNews
Infographic here: https://infogram.com/nerdwallet-s-1-teardown-1hdw2jpgxp5qp2l
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