NerdWallet – $150.1 Million IPO

San Francisco – November 15, 2021 – Cooley advised NerdWallet, a personal finance website and app, on its $150.1 million initial public offering of 8,337,500 shares of Class A common stock, which now trade on the Nasdaq Global Market under the symbol NRDS. Lawyers David Peinsipp, John Sellers and Nicole Orders led the Cooley team advising NerdWallet.

Morgan Stanley, KeyBanc Capital Markets and BofA Securities acted as lead book-running managers for the offering. Barclays and Citigroup acted as joint book-running managers, while Truist Securities, William Blair and Oppenheimer acted as passive book-running managers for the offering.

NerdWallet is on a mission to provide clarity for all of life’s financial decisions by providing consumers with trustworthy and knowledgeable financial information so they can make smart money moves. Consumers have free access to its 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. From finding the best credit card to buying a house, NerdWallet is there to help consumers make financial decisions with confidence.

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