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Unconfirmed: Nerdwallet files for IPO

According to Reuters unnamed sources, NerdWallet had filed an IPO in confidence. Representatives of the company have not yet commented on this matter.

The placement should take place before the end of the year. Investment bank Morgan Stanley was chosen as the leading underwriter. While the capitalization of Nerdwallet at the IPO could reach as high as $ 5 billion.

Clients of Global Technologies Private Portfolio last month acquired Nerdwallet shares for a valuation of $ 2.3 billion.

Nerdwallet is an American company headquartered in San Francisco that operates at the intersection of the online and fintech sectors. Nerdwallet is the marketplace of financial products that helps consumers to choose the most suitable credit card, bank account, insurance, and more. 

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